The Significant Meaning of Breaking the 100,000 Barrier

It was originally thought that Bitcoin's price would struggle to break the 100,000 barrier in early December, but it turns out that the pace of the bull market always exceeds our imagination. The successful breakthrough of 100,000 is mainly attributed to the appointment of the new SEC chairman—Paul Atkins. Atkins is a staunch supporter of Bitcoin, and his arrival undoubtedly injected strong momentum into Bitcoin's rise.

From the current situation, 100,000 has become the starting point of a new round of Bitcoin's bull market, rather than the previous 70,000. The reasons for this are as follows:

Firstly, the U.S. government's recognition of Bitcoin has significantly increased. With Trump's presidency and Atkins becoming SEC chairman, Bitcoin is no longer viewed as a "speculative asset" as it was in the past, but has been given the status of a strategic reserve asset. This shift in identity is expected to be further realized through adjustments in SEC policies.

Secondly, breaking the 100,000 barrier has a more significant effect on the spread of Bitcoin. This price level can attract more incremental funds into the market, rather than just the mutual game of insiders within the 70,000 to 100,000 range. Looking back, when Bitcoin hovered around 70,000 for half a year, the lack of incremental fund inflows caused the market to fall into a dull situation. The establishment of a bottom at 100,000 is expected to attract more new funds, especially traditional Wall Street funds into the crypto space.

Finally, new market expectations have yet to form, so the imagination space is vast. In the past, the 100,000 barrier was regarded as an important expected target for the bull market, but whether it can be achieved is not crucial. What is important is that it provides a clear valuation reference point for Bitcoin. Now, with the successful breakthrough of the 100,000 barrier, a new valuation anchor has yet to be established. This means that the future influx of funds and the imaginative space are both enormous, with 150,000, 200,000, or even 300,000 potentially becoming new target price levels. In fact, overseas research institutions have already released research reports of over 100 pages, predicting that Bitcoin's future price could reach as high as 500,000.

The future is promising, and those who want to keep up should pay attention.