凌度

The Significance of BTC Reaching $100,000 in This Bull Market

The focus of a bull market is singular: rising prices. However, each round of the #BTC bull market carries its own unique historical significance:

2009-2011 Bull Market: Birth and validation as both an asset and a currency
2011-2013 Bull Market: In March 2013, the Cyprus financial crisis erupted, leading to bank runs. People saw an excellent alternative during significant devaluation of fiat currency, a new hope: #BTC
2015-2017 Bull Market: Significant increase in recognition among global retail investors
2019-2021 Bull Market: Significant increase in recognition among global financial institutions

Currently ongoing

2023-2025 Bull Market: BTC is being legalized, formalized, and securitized in various countries. The general public, lacking any professional knowledge and unwilling to research exchanges and cold wallets, will begin to genuinely engage with cryptocurrency by purchasing BTC spot ETFs launched by securities firms in the US, Hong Kong, Europe, etc.

Future scenarios might include: a 22-year-old blonde beauty from Ohio, fresh out of college, comes to New York to work. During her college years, she saved some money. She walks into a brokerage firm to open an account, intending to use her savings to trade stocks. However, the account manager suggests she also open a BTC account and shows her the net appreciation history over the past decade. The girl is shocked; prices have surged thousands, hundreds, and dozens of times over the years. Comparing it to the history of US stock market rises, she remarks to the account manager that isn't US stocks just garbage in comparison? The account manager chuckles and replies that there are markets far worse than US stocks, which have barely moved 3000 points over a decade. Thus, on the account manager's advice, the girl ends up investing in both US stocks and BTC.