June 10, 2025

In the latest news, Zhao Changpeng, with an asset of $65.7 billion, has once again entered the position of the richest person among Chinese. The second place is Zhang Yiming from ByteDance. Generally speaking, when a representative figure from a particular industry appears on the rich list, it indicates that the industry has entered the fast-developing latter stage, and if a large number of figures from the same industry appear on the rich list, it basically means that the industry has entered its final stage. It is clear that the cryptocurrency industry is still in its youth, and the next 10-20 years will be a period of great potential for development.

On the other hand, it also indicates that the cryptocurrency industry has moved beyond the early chaotic period, where the opportunities for wild growth that relied on luck for sudden wealth have become increasingly rare. The most obvious example is altcoins, which are no longer the dream launchers for retail investors but have turned into tools for capital. However, overall, the opportunities in the cryptocurrency industry still far exceed those in other industries, especially in these years of economic downturn, where "difficulty" is a consensus in the broader environment.

In terms of market conditions, the market has rebounded again, and Bitcoin has once again approached the $110,000 mark. In the coming days, it is very likely to refresh its high point again, while Ethereum has also risen above $2,600. A few days ago, I mentioned that if it could attempt to break through the resistance again after a pullback in the short term, it would be a good thing, and we are currently following this scenario. Next, we shall see whether Bitcoin will directly attack; in any case, Ethereum's trend is relatively strong, and this time if Bitcoin breaks through, there is no reason for Ethereum not to follow suit.

Additionally, I have been saying that the US stock market is gradually rebounding. If there are some positive news in the near future, it will reach new highs, which will resonate with the cryptocurrency market, especially the price of Bitcoin. Although it may not relate to most retail investors, continued growth is certainly good news. Particularly, in the $100,000 to $110,000 range, there is indeed a significant amount of selling pressure, preventing Bitcoin from making a breakthrough. Therefore, if a breakthrough occurs, there could be several thousand dollars of upward space.

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