Head of the dormitory reveals: Bitcoin is definitely aiming for $120,000! In this epic bull market, will you get on board?
Gold has a price, Bitcoin is priceless! When Bitcoin broke $117,000 on July 11, global investors witnessed history once again — this digital monster is tearing apart traditional financial rules with a 5% increase every 24 hours.
Institutions are buying like crazy, shorts are getting liquidated, the plot is more thrilling than a movie!
Take a look at this set of data: BlackRock has continuously bought Bitcoin for 18 days, Goldman Sachs' ETF holdings have surpassed $1.65 billion, and even the UAE sovereign fund has quietly entered the market. Even crazier, in the past 24 hours, global shorts were liquidated for $541 million, with 119,700 people being forcibly closed out. Does this scene remind you of the GameStop short squeeze in 2020? But this time, retail investors and institutions are on the same side.
Why dare to say $120,000 is just the starting point?
1. Halving effect: After the block reward halving in 2024, Bitcoin's annual inflation rate will be only 0.225%, and its scarcity far exceeds that of gold. Historical data doesn't lie — after the 2012 halving, it surged 8200%, in 2020 it rose 600%, and so far in 2024, it has increased by 83%.
2. Policy dividends: Hong Kong will allow stablecoins to access traditional finance in August, the EU defines Bitcoin as a "digital commodity," and the Trump family is even planning to launch a crypto ETF. Regulatory easing is like fueling a rocket.
3. Major institutions voting with real money: MicroStrategy holds 461,000 coins, with an unrealized profit of $19.2 billion; Tesla still holds 9,720 Bitcoins.
Is it still too late to get on board now?
Standard Chartered sees $135,000, Morgan Stanley calls for $200,000. But remember: Bitcoin never plays by the rules. Just like in 2020 when who would have thought it would break through $60,000? The current $117,000 may just be the starting point of a new journey.
A final reminder: Don't use leverage, don't gamble on the short term. Buy with spare money, close your account, and check back in three years — you'll thank yourself for today. After all, in the face of digital gold, the cost of hesitation may be more expensive than missing an era.
Tap on the profile picture, follow me, and tell me what you think about the current market? Let's chat in the comments! The crypto world has both opportunities and risks, staying vigilant and finding the right timing is key.
