Bitcoin has finally broken through $100,000.
From the news perspective, the nomination of the new SEC chairman has released more positive sentiment. According to Jinse News, Donald Trump, the elected President of the United States, said on Wednesday that he has officially nominated Paul Atkins as the Chairman of the U.S. Securities and Exchange Commission (SEC).
It can be seen that the incoming chairman has extensive experience in regulatory construction, and he himself has token backing, and also presents a very positive attitude towards digital assets, which can help build a more clear and inclusive regulatory framework for digital assets. In the appointment announcement, Trump also praised him highly, stating that "Paul Atkins believes that sound and innovative capital markets can meet the needs of investors and provide the funding to make our economy the best in the world. He also recognizes that digital assets and other innovations are crucial to making America stronger."
Returning to Bitcoin itself, from Laszlo Hanyecz spending 10,000 Bitcoins to buy a pizza in 2010, giving Bitcoin a real price scale, to Bitcoin breaking the six-digit mark today, 16 years have passed.
This social experiment has undoubtedly been a success. Perhaps it is still too early to talk about surpassing sovereign currencies, but this is undoubtedly a comprehensive victory for the decentralized currency from the bottom up, a victory shared by the participants made up of geeks and grassroots. In the not too long or short 16 years, Bitcoin has gradually shed its stigma of money laundering and fraud, and has progressed from digital gold to a supranational currency, deriving a new and more autonomous, faster, and more transparent financial system as the center of the crypto world, and Web3 is also rapidly evolving on the path of transforming traditional financial infrastructure.
But it is these tens of millions of crypto users who have created a $3 trillion crypto empire, and if you add in the global 5.4 billion internet population, the potential behind it is self-evident.
Even Federal Reserve Chairman Jerome Powell recently stated that Bitcoin is not a competitor to the U.S. dollar, but a competitor to gold, and that it is currently not widely used as a means of payment, has high price volatility, and individuals are not allowed to hold it solely for identity reasons.
Whether approved or not, but thanks to the endorsement of the incoming SEC chairman and institutions, the long-awaited altcoin season, which has been waiting for nearly 3 years, has finally arrived amid constant falsification.
The rise in coin prices has pushed the market's emotional symphony to a climax, accelerating the mainstream adoption of crypto assets, and value recognition is beginning to grow. And all of this is based on the realization of Bitcoin.
The decentralized values of the crypto world are also inevitably being impacted, and the dollar-ization trend of crypto assets is constantly emerging as a side effect of mainstream adoption. In terms of Bitcoin, the total net asset value of 11 Bitcoin spot ETFs in the U.S. is $108.23 billion, accounting for 5.54% of Bitcoin's market capitalization. And from a national perspective, the U.S. owns more than 210,000 Bitcoins, making it one of the largest Bitcoin holders in the world.
But fortunately, the public fruits borne of private desires are still spreading. The imagination economy represented by cryptocurrencies is still soaring, and the opportunity for young people to turn their fortunes around with small bets has not yet faded, the hope of freedom wrapped in the dream of getting rich is shining brightly in today's society of specialized division of labor and entrenched classes, attracting the arrival of many new Z-generation people.
