Today is the most memorable day in the history of the crypto circle; on December 5th, Bitcoin officially broke and stabilized above $100,000. Whenever fans and loyal supporters ask me how high Bitcoin can go in a bull market, my unified response is $100,000. I didn't expect that just at the beginning of December, the $100,000 mark would be broken. At this price level, absolutely do not sell your holdings. If you have BTC holdings around $50,000 to $60,000, I suggest you can sell 20% of your position. Still, the point is that we come to the crypto circle to make money, not just to invest more; we must protect our profits, and the remaining Bitcoin positions can be expected to double or even higher! The main reason Bitcoin can break through the $100,000 mark today is still because of Powell's speech last night, where he publicly stated that BTC is a competitor to gold, not the dollar. In simple terms, BTC is more like gold, and Americans are starting to openly discuss Bitcoin, a good start, comparing Bitcoin to gold.
This statement has attracted a lot of buying volume from Americans.
Driven by key factors, Bitcoin has broken through $100,000, and now ETH only needs a similar positive news to push it to a higher position; we must patiently wait. In my impression, there aren't many high-weight Americans openly discussing BTC, and this is the first time it has been mentioned positively, which means that in the eyes of the top designers of the American financial system, Bitcoin's status is already on par with gold. At this moment, Bitcoin's market cap is $2 trillion, while gold's market cap is about $20 trillion. If it increases nine times, Bitcoin's market cap will surpass gold, and at that time, the price of a single Bitcoin will exceed $1 million. I believe this day will surely come, and it will happen in our lifetime, but we must always remain calm.
Smart money is starting to withdraw from these projects and reinvesting the profits back into Bitcoin. It's worth noting that OpenAI will conduct 12 live broadcasts in the next 12 days. If they release innovations similar to GPT-3.5 at the end of 2022 or Sora in early 2024, it could trigger another AI boom, possibly boosting the AI sector. So in the coming month, we can focus on AI sector projects!
Every time Bitcoin reaches a new high, with the return of altcoin season, a hundredfold miracle board will be born!
In the last bull market, everyone's attention was drawn to STEPN, and no one could predict where GMT's peak would be. Earlier this year, the explosive popularity of inscriptions also allowed ORDI to rise rapidly after being listed on Binance, repeatedly challenging the $100 high, but unfortunately, that wave of altcoin season ended too quickly.
So in this wave of market trends, according to historical projections, a secondary miracle board will emerge after being listed on Binance. Recently, Binance has been intentionally listing low market cap projects, gracefully rejecting many top-tier projects, and it seems intentional to give more tokens, leaving more secondary space. The timing might be just before Christmas or before the new management takes office in January next year.
