❗️The Significance of Breaking 100k

I thought that by early December we wouldn't see 100k, but I was mistaken; bull markets always come faster than expected. The direct catalyst for breaking 100k this time is Trump's appointment of Paul Atkins as SEC Chairman, and Atkins is a strong supporter of Bitcoin.

From the current perspective, the starting point of the crazy bull market is 100k, not the previous 70k. Why do I say this?

First, the U.S. government has legitimized Bitcoin, and it has now become a mainstream asset. With Trump's administration and Atkins' rise, Bitcoin is no longer the fringe asset it once was; it has transformed into a strategic reserve asset, and with the change in SEC Chairman, it is highly likely to be realized.

Second, 100k has a better communication effect and can bring in new incremental funds, rather than just the game of mutual liquidation among insiders between 70-100k. Remember how painful it was during the six months of bearishness around 70k? Without new incremental funds coming in, it is very uncomfortable; a bottom at 100k will attract new money into the crypto space, especially traditional Wall Street funds (those who only deal in U.S. stocks and bonds).

Finally, new expectations have not formed, and the imagination space is limitless. For example, the previous 100k was derived from the old expectations and consensus from the last bull market; whether it can be realized is not important. What matters is that it gave Bitcoin a rough valuation, and everyone knows to reduce their holdings as it approaches 100k, providing a valuation anchor. Now that we have broken through, where is the anchor? We don't know; it needs to be traded out. The future expected influx of funds is substantial, and the imagination space is limitless—150k, 200k, 300k are all possible. There were even overseas research reports over 100 pages long predicting 500k...

What should we do at this time? Wait for Bitcoin to pull back and then go all in on altcoins; just hold and relax. Just do your job well in the meantime and don't think about getting rich every day.