BTC has reached $70,000, is $100,000 still far away?

Recently, the price of Bitcoin has once again attracted market attention. After multiple attempts to break through the $70,000 mark, people can't help but start to imagine the possibility of $100,000. However, is this vision really within reach or is it out of grasp? Let's calmly analyze the current situation.

First, we need to consider what the core of Bitcoin's value is. Is it its status as the oldest digital currency? Is it its fixed total supply and decentralized nature? Or is it the support and consensus from the global market? Many people might think that global consensus is the most critical factor. So, where does this consensus come from?

Compared to Ethereum, Bitcoin does not have significant technical advantages. Ethereum supports smart contracts and has a richer application ecosystem. In terms of active user numbers, Bitcoin is not far ahead either. So, what keeps Bitcoin at the top of the cryptocurrency market?

Recently, there have been some seemingly positive news in the market: Bitcoin halving, ETF approvals, gradual regulatory involvement, potential interest rate cuts in the U.S., and Trump's performance in the presidential campaign, etc. However, can these factors really drive Bitcoin's price to break through $100,000?

In fact, the opening of ETFs may merely divert funds from traditional financial markets rather than bring in a significant amount of new investment. While regulatory intervention paves the way for cryptocurrencies to enter mainstream financial markets, it may also introduce uncertainty. A rate cut by the U.S. could stimulate investment, but it also reflects the challenges facing the economy.

It is worth noting that the global economic landscape is changing. The dominance of the US dollar is being challenged, and Middle Eastern countries are beginning to accept the RMB as a currency for oil trade settlements. At the same time, the United States is facing huge debts and ongoing geopolitical conflicts. These factors could all influence the future trend of BTC.

From a deeper perspective, the support logic of Bitcoin's price may be closely related to the US dollar. As a financial instrument, the value of Bitcoin largely depends on the global economic landscape and the policy orientation of major countries.

Looking to the future, whether Bitcoin can break through 100,000 USD depends not only on market sentiment and investor behavior but also on the global economic situation, changes in geopolitical dynamics, and the monetary policies of various countries. In this complex international environment, the future trend of Bitcoin still holds many uncertainties.

In any case, investors need to remain rational and carefully assess various factors, rather than blindly following market sentiment. After all, in the financial markets, overly optimistic or pessimistic expectations often fail to accurately reflect the actual situation.