<Bitcoin Chives Hand 2024.12.6 >
Hello, fellow chives! Bitcoin slapped me in the face; I just said that with non-farm payroll data about to be released on Friday, it might not surpass 100,000 USD this week, and then it was immediately slapped hard in the face, skyrocketing to over 104,000 USD. I was so shocked that I couldn't focus at work, haha.
However, I'm quite happy to be slapped this time because Bitcoin has finally reached this significant milestone of six figures. From being completely misunderstood by the world to opening the doors of traditional finance, Bitcoin has been steadily moving forward. The biggest positive in this round is that companies, institutions, and even countries are starting to hold Bitcoin as a reserve one by one.
Although it just broke 100,000 and within a day the main force operated a flash crash of 10,000 points, I've previously mentioned that in a bull market, flash crashes of more than 10% to clear leverage will not be rare. After a drop, it usually quickly rebounds, so I repeatedly remind everyone not to use high leverage. It’s really painful when the price remains unchanged but the position disappears.
Next, we can pay attention to upcoming events. Will Microsoft's board of directors actually include Bitcoin as an asset on December 10? If it becomes reality, it will surely accelerate more companies to follow suit, and we could quickly see it soar to 120,000 USD. This is truly exciting! If it doesn’t happen, there's no need to be too disappointed. In fact, many companies have already jumped on board or are about to do so. Although Microsoft is a symbolic large enterprise and has a leading significance, this matter is practically unstoppable. More and more companies will definitely join the ranks of purchasing Bitcoin; without Microsoft, it would just be a bit slower.
The minimum standard of 100,000 in this bull market has been achieved, but we are still only at the midpoint of the bull market. The next challenge is the standard value of 150,000 USD. Never think it’s impossible; many people also thought 100,000 was impossible, but now it has become a reality!
(The above statements do not constitute investment advice. Cryptocurrency and NFT carry great risks; it is advised not to invest any idle funds that cannot afford losses)
Image source: Bitaverse NFT #5886
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