Why is 100,000 USD being held steady? Bitcoin is being 'goldified'
Even with fluctuations, Bitcoin has consistently held the line at 100,000 USD — this is not a coincidence, but rather a change in its role.
In the past, Bitcoin was a high-risk, high-volatility 'all-in asset'; now, it is more like a 'digital hard currency' — more and more people are treating it as digital gold.
Even though the yield on USD has soared to historic highs, theoretically, under such circumstances, risk assets should have dropped significantly, but Bitcoin not only remains stable at high levels, it continues to push upwards, which is quite unusual and indicates a significant issue:
This represents a shift in the nature of funds, moving from short-term speculation to long-term value storage.
