Recently, Bitcoin has once again become the focus of the market, with its price fluctuations sparking intense discussions. Supporters view it as 'digital gold,' believing its fixed supply of 21 million coins makes it an ideal asset to combat inflation; opponents point out its lack of intrinsic value, with prices driven entirely by market sentiment. The entry of institutional investors (such as ETFs) and the easing of global monetary policy are pushing BTC into the mainstream, but regulatory uncertainty and high volatility remain obstacles. Technically, BTC is testing a key resistance level; a breakout could open the door to a new round of increases, while a failure could lead to a significant correction. In the long run, whether Bitcoin can become a true safe-haven asset or maintain its high-risk speculative nature depends on the expansion of its practical application scenarios and the improvement of the regulatory framework.