Oh, now the discussion about Bitcoin has turned to whether it can reach 120,000 by the end of the year. Yuanfang, what do you think?
Today, Bitcoin has set a new high, once breaking through 106,569 dollars, marking the longest seven-week consecutive rise since 2021. This surge was mainly driven by the remarks of the incoming U.S. President Trump regarding the establishment of a Bitcoin strategic reserve.
Last week, when Trump was interviewed by CNBC and asked if he planned to establish a crypto reserve similar to the oil reserve, he replied, 'Yes, I think so.'
Reflecting on Trump's repeated statements supporting the development of cryptocurrencies during previous campaigns. He has declared multiple times during the campaign that he will strive to make the United States the 'cryptocurrency capital of the world.' In a recent interview, he stated, 'We will do great things in the cryptocurrency space; other countries are embracing it, but we want to be the leaders.'
A series of personnel appointments by Trump further confirms his determination to develop cryptocurrencies. He nominated cryptocurrency supporter Paul Atkins as the chairman of the U.S. Securities and Exchange Commission (SEC) and appointed former PayPal COO David Sacks as the White House's first head of artificial intelligence and cryptocurrency affairs. These initiatives send a clear signal of policy shift to the market, directly boosting investor confidence.
Why does Trump so 'stubbornly' support cryptocurrencies? Because he is scared.
According to Trump's second son Eric Trump, following the Capitol Hill riots in 2021, some major banks cut ties with the Trump family, which made them realize the importance of decentralized finance. Eric stated on the 15th at the Bitcoin Middle East and North Africa Conference held in the UAE that after his father took office, his administration would become the most cryptocurrency-friendly government in American history. He promised that the U.S. would play a leading role in the 'digital revolution,' echoing what Trump said during the campaign. Eric told the audience, 'You will see the most crypto-friendly president in American history.'
This is the basic starting point for the national level or large players, but how can the middle class or ordinary people accept Bitcoin?
The CEO of MicroStrategy, the largest publicly traded holder of Bitcoin, Saylor, has said that Bitcoin is like Prometheus giving us fire; Satoshi Nakamoto gave us a game that we can all win. Some things you don't want to do on a network that can censor what you say and freeze your accounts. Bitcoin is a currency network that won't censor the money you send or freeze your accounts. The way it is designed means that, marginally, over time, you are winning this game.
Just like holding Bitcoin is safe, while your deposits in local banks may face risks. If you need to leave a country or escape a crisis, you can preserve the wealth held in Bitcoin, while land, buildings, local currency, or bank deposits may be lost. Therefore, Bitcoin actually represents the most powerful and magnificent city in cyberspace, which will become the center of the digital economy in the future.
Rome became extremely valuable due to word of mouth about being a center of wealth, and the land in Manhattan and New York was once just a small port and a gathering place for criminals, ignored by many. But those who persisted or took action desired to own this land, at least while it was still on the rise.
Bitcoin may just be one choice in life; buying a house, collecting antiques, or investing in the stock market are all options. Bitcoin is like another form of savings that has space, with the beneficiary being you in a few years.
No one has lost money by buying Bitcoin, and no one has made money by shorting Bitcoin. So, if you are just looking for returns in four months, four weeks, or four days, you might feel anxious. If you can hold for 10 years, you will become a legend.
