Will Bitcoin rise to millions of dollars each?

1. Recently, there was a piece of news on the official website of the U.S. Senate Government, where U.S. Senator from Wyoming, who is also a member of Congress, Lummis proposed the 2024 Bitcoin Act.

2. The bill is too cumbersome, so I will summarize it in a few sentences. The U.S. will incorporate Bitcoin into the national reserve, ensure the U.S. maintains its dominant position in Bitcoin, and establish a decentralized secure storage network. The Federal Reserve System and the Treasury will reference gold values and save surplus expenditures, using the saved funds to purchase up to 200,000 Bitcoins each year for five years, with a total purchase amount of 1 million, accounting for 5% of Bitcoin supply.

3. Currently, the total number of Bitcoins across the 20 major exchanges globally is 2.3 million, and the U.S. Department of Justice and the IRS also hold over 200,000 Bitcoins. The Wisconsin Investment Board, Houston Firefighters' Pension Fund, and Michigan's pension fund all hold a certain amount of Bitcoin. Moreover, major institutions have already opened Bitcoin ETFs, indicating that the entire upstream and downstream has been laid out by the Americans. Currently, the total U.S. national debt is $35.7 trillion. Only by pushing the price of Bitcoin to several million or even tens of millions of dollars, causing the depreciation of the dollar, can they repay the debt with Bitcoin. Given the current global influence of the U.S., other countries have no choice but to follow suit. Whether this will succeed depends on the transformation of the world's currency development.

4. What should ordinary people do? If large funds can allocate 90% of their positions to Bitcoin and then seek local opportunities, what about new entrants or players with small funds? I recommend looking for definite opportunities in the primary market. This year has been a crazy year for Musk, and there's no need to elaborate on Musk's relationship with the crypto space. This round of bull market is also a bull market for the MEME sector. This year, there have already been many MEME legends, such as Hippo, Squirrel, and the previous DOGE, SHIB, which are all successful cases. Currently, in the primary market for MEME coins, on Ethereum, with no project party and low market cap projects, I found a project called PUPPIES, which has potential comparable to the aforementioned hundredfold coins. More and more people are joining, and the number of holding addresses is steadily increasing, showing signs of bottoming out and explosive growth. Everyone can take note.