Yesterday, Bitcoin broke through the $100,000 mark, and the crypto community was in jubilation. There is both joy and concern; the joy is that those holding coins have profited, while the concern is that there are fundamentally no Bitcoins.

Jokingly, if we stand at this historical crossroads, years later when we look back, it may be even more poignant; we are perhaps intentionally or unintentionally participating in a major transformation, one that is capable of changing the global financial system.

I. Historic breakthroughs and the emergence of a new pattern

Bitcoin breaking through $100,000 is not only a price milestone but signifies that profound changes are occurring in the global financial system.

The attitude of traditional financial institutions has shifted from resistance to acceptance, with financial giants like BlackRock and Fidelity successively launching Bitcoin ETFs, indicating that cryptocurrencies are gaining mainstream market recognition. Trump's transformation from 'number one opponent' to 'Bitcoin president' reflects a fundamental change in the understanding of cryptocurrency assets among U.S. policymakers.

Of course, whether the massive debt in the U.S. and cryptocurrencies have ulterior motives remains unknown for now.

II. The driving forces and resistances behind the formation of the "Dollar + Cryptocurrency" dual system

The driving forces mainly come from three aspects: first, the U.S. is attempting to strengthen its financial hegemony by embracing cryptocurrencies; second, global liquidity easing is pushing investors to seek new asset allocation options; and third, the maturity of crypto technology provides possibilities for financial innovation.

However, the formation of this system faces significant challenges: China's new anti-money laundering law in 2025 will bring virtual currency under regulation, the BRICS alliance is expanding and promoting the process of de-dollarization, and the volatility of cryptocurrencies themselves pose real obstacles.

The crypto president's threat to impose a 100% tariff on countries moving towards de-dollarization may also exacerbate the differentiation of the global financial system.

2025 will be another tumultuous year.

III. Future development paths and impacts

"Dollar + Cryptocurrency" dual system is likely to evolve in a regional manner, in my opinion.

In regions dominated by American influence, this system will be promoted; while countries represented by China and Russia may accelerate the construction of independent financial systems. This differentiation may lead to a redrawing of the global financial map:

1. Dollar-dominated regions will accelerate innovation in crypto finance, forming a new pattern where traditional finance and crypto finance coexist.

2. Non-dollar regions will strengthen fiat currency regulation

3. A diversified competitive landscape may emerge in the global payment and clearing system

"Dollar + Cryptocurrency" dual system is unlikely to be widely adopted globally in the short term, but it is likely to be realized first in specific regions.

This process will accelerate the multipolar development of the global financial system, prompting various economies to find new balance points in their digital transformation. For investors, it is essential to closely monitor policy changes and make prudent allocation decisions between traditional and digital assets.

Finally, I want to say that perhaps in the future, we will find it hard to see $BTC below $100,000 again, so let us be diamond hands, holders.

$BTC $ETH