When will BTC's 100,000 barrier be broken again?
I don't know when it started, but Bitcoin has grown from a stumbling child to a giant that cannot be ignored by everyone!!!
Now, major powers like the United States and Russia are rushing to establish BTC reserves: Russian Finance Minister Anton Siluanov stated yesterday (25th) that after Russia's legislation passed the use of Bitcoin and other cryptocurrencies to counter economic sanctions from Western countries, Russia has allowed the use of digital assets like Bitcoin for international trade transactions.
Anton Tkachev said: In the context of geopolitical instability, traditional currency reserves are prone to fluctuations, sanctions, and inflation, which pose a threat to the financial stability of nations.
As more and more people participate in the game of BTC, the price of Bitcoin will only continue to rise! The holding situation of Bitcoin:
0-0.1 BTC wallets: 50.17 million
0.1-10 BTC wallets: 4.31 million
10-1,000 BTC wallets: 150,130
1,000+ BTC wallets: 2,050
Especially in the last two groups, as long as their numbers increase and continue to accumulate, the bull market is very likely to continue! In the end, the chips will become more and more dispersed, and Bitcoin will become hard to find!
Let's look at another set of data: According to the 2024 UBS Global Wealth Report (PDF), there are at least 58 million millionaires globally, accounting for 1.5% of the global adult population. The report sampled 56 markets, representing 92% of global wealth.
The United States has the highest number of millionaires, with about 21.95 million people having seven-figure or higher wealth. China leads with about 6.01 million millionaires, followed by the UK (3.06 million), France (2.87 million), and Japan (2.83 million).
UBS defines wealth as the value of financial and physical assets minus the debts held by the household.
How is global wealth distributed?
According to the Global Wealth Report, nearly half of the world's wealth (47.5%, or $213 trillion) is held by just 1.5% of the adult population globally. These are households with more than $1 million.
In contrast, people with wealth below $10,000 hold only 0.5% of global wealth ($2.4 trillion) but account for 39.5% of the world's adults.
Households with wealth between $10,000 and $100,000 account for 42.7% of adults and represent 12.6% of global wealth, which is $56.2 trillion.
From the data above, it can be concluded that most of the BTC is held by a small number of people, which is actually the same as in life, where a large amount of wealth is controlled by a very few individuals! In the future, if a BTC reserve is established, the price of Bitcoin will only rise! At that time, 0.1 BTC may allow you to climb to the middle of the pyramid!
In the future, holding 0.1 Bitcoin will allow you to surpass many people!
Currently, there are 4.31 million people holding 0.1 to 10 BTC, while there are 57 million people with assets exceeding one million dollars! In the future, more and more people will rush in to grab BTC! The inflation faced by fiat currency does not exist with Bitcoin!
In the future, the price of Bitcoin is likely to remain 1 BTC = 1 BTC, regardless of how much Bitcoin you hold, as long as you can hold on to it firmly, it will not disappoint you!
So looking back at when BTC will break through 100,000, it is no longer a question; Bitcoin will only rise higher! Currently, it is just those short-term profit takers escaping. When spring arrives next year, looking back at BTC's K-line, most people will say, why didn't I buy the dip when BTC was at 94,000? Why didn’t anyone tell me to stock up on the spot?
To push everything up by a few points at the top, and to wait for a few points at the bottom to miss the big trend!
The crypto space is both a stage for the game of human nature and an arena for the clash of beliefs and strategies. Every fluctuation is a selection and reshaping, eliminating the blind followers, leaving only those who truly understand the market rules.
If you've read this far, remember to like and share it with your crypto friends!