Source: Liu Jiaolian

Overnight BTC began to respond to copycats with a blood-sucking rise. During the few days when the market was trading sideways at a high level, the counterfeit sectors were rotating one after another, vying for the best, causing BTC’s market value share to drop a lot. So BTC started to withdraw and once again reached 98k. (Before posting, I would like to add that it has suddenly risen, breaking through the important mark of 100,000 dollars for the first time in history.)

On November 29, the wind suddenly started. On December 5th, the wind picked up again.

The 30-day line has reached a height of 91k. Unknowingly, 90,000 BTC has become a hot commodity.

A friend opened a position above 90,000. He was feeling cold at the height and felt uneasy, so he asked if the cost was too high. Jiao Lian said that in fact, if you look at it from a distance, any price is not expensive.

Speaking of this, Jiaolian couldn’t help but think of a time in 2019 when he lamented that he failed to catch the relative low point whether he bought it at 13,000 U.S. dollars or 11,000 U.S. dollars. A friend asked Jiaolian, if you If you really believe that BTC will reach 1 million dollars in the future, why should you worry about whether to buy it at 11,000 dollars or 13,000 dollars today?

Yes. Looking back when I stand at $1 million, there is no difference between $11,000 and $13,000.

Only five years have passed, and now I am standing in front of the door of $100,000. Looking back at $11,000 and $13,000 five years ago, I can no longer tell the difference between them.

There are some things in life that you will feel uneasy if you have not experienced them, but after you have experienced them, you will know that they are not a big deal. For example, if you add a BTC position, you accidentally get stuck at the top of the mountain.

Overnight, Federal Reserve Chairman Powell attended DealBook He said this at the Summit conference:

“It (Bitcoin) is like gold, but it is virtual and digital. People are not using it as a means of payment. Or a store of value. It's very volatile. It's not a competitor to the dollar, it's a competitor to gold." Yes, this is the most powerful central bank in the world today. The head of the Federal Reserve’s understanding of BTC – digital gold, or electronic gold.

Jiaolian has clearly realized at the end of 2018 that BTC has grown from nothing to a world currency. This is not achieved overnight, but evolves in stages:

First a toy for idealists, then a collectible for a select few. These two stages passed quickly, probably from 2009 to 2011. Later, it became a speculative product. From 2011 to 2017, the metaphor was the tulip bubble. Later it became an investment product, a store of value. Jiaolian believes that this narrative should officially start in 2018. The landmark event is the segregated witness against the general public.Block victory. The symbol of the value storage narrative has become electronic gold or digital gold, marking the beginning of BTC's entry into the market and becoming a subject matter that serious long-term investors and institutional investors are beginning to consider.

So Jiaolian realized at that time that by participating in BTC through long-term investment after 2018, the risk would be greatly reduced and the success rate would be greatly improved. In short, the risk-benefit ratio has passed a watershed.

The two cycles from 2019 to 2024 are indeed a preparation period for institutions to gradually establish awareness, make preparations in all aspects, and then enter the market. In the past few years, Jiaolian has been building positions slightly earlier than the institution.

The end of 2024 will be another watershed. Institutions are fully prepared. Starting from 2025, BTC will officially enter the era of institutional dominance. As retail investors, we have become passengers.

Overnight, Russian President Putin also talked about BTC when attending a forum. Here’s what he said:

“For example, Bitcoin, who can ban it? No one can. Who can ban other electronic payment methods? No one can. Because these are new technologies , no matter what happens to the dollar, these tools will continue to develop in some way, because everyone is trying to reduce costs and improve reliability."

This is how the consensus gradually spreads to the world. .

Jiao Lian deeply remembers the short and powerful words spoken by the early sages at the beginning of 2023:

Gradually, then suddenly. (Gradually, then suddenly.)< /p>

When Jiao Lian was writing this article, BTC had just rebounded to 98k. When the teaching chain was published, BTC suddenly exceeded 100,000 dollars.

Gradually, then suddenly.

Suddenly, the world changed.