Source: Daoshuo Blockchain

December 5, 2024, Beijing time, is destined to be written into the development history of Bitcoin and even the entire crypto ecosystem:

On this day, The price of a single Bitcoin exceeded the $100,000 mark for the first time.

I believe that seeing this moment, countless people who have participated in this arduous but great journey will be excited, and at the same time, they can deeply experience the mixed feelings.

Needless to say, I am very excited. The mixed feelings mainly come from the amazement and speechlessness that the explorers of the new world feel when they encounter the stubbornness, conservativeness, stubbornness and pedantry of the old world. right.

From another perspective, perhaps it is precisely because of this contrast that it is more highlighted that this revolution originating from Bitcoin is so great and so shocking.

Previously, whenever a reader asked me for my price prediction for Bitcoin in this round of market trends, I always only said $100,000, and had no prediction for a higher price.

On the one hand, I cannot predict; on the other hand, I hope to be more conservative and not let my emotions get the better of me.

And I think this price will probably not be reached until next year.

Unexpectedly, in early December, the price of US$100,000 had already been exceeded.

Looking at next year, I am still looking forward to the emergence of new tracks and new applications in the encryption ecosystem. Don’t let Bitcoin stand out, but let the entire encryption ecosystem flourish, so that we can see another round of innovation. A bull market with applications, bright spots, breakthroughs, and innovations.

At the current price, I will not sell out the chips in my hand. I still look forward to a more brilliant performance in the crypto ecosystem next year and a more brilliant new high.

Recently, the Chairman of the Federal Reserve spoke positively about Bitcoin in an interview. His view is that Bitcoin’s competitor is gold rather than the US dollar.

I strongly agree with his view.

In my impression, this is also the first time that the powerful chairman of the Federal Reserve has compared Bitcoin and gold head-on.

This means that in the eyes of the top designers of the U.S. financial system, Bitcoin’s status is already on the way to rivaling gold.

At this moment, the market value of Bitcoin is US$2 trillion, and the market value of gold is probably close to US$20 trillion. If it rises another 9 times, the market value of Bitcoin will exceed that of gold, and the price of a single Bitcoin will exceed US$1 million.

I believe that this day will definitely come, and it will come in our lifetime.

Of course, this day cannot be achieved overnight. On the road to surpassing gold and truly becoming a veritable "digital gold", the journey has never been smooth sailing. There will be turbulent waves and ups and downs in this process, but after the twists and turns, the sky will be clear and the sun will be shining brightly.

So I suggest that each of our readers should keep at least one Bitcoin no matter what, if possible, and keep taking it.To be a swing player, don’t be obsessed with the fleeting “beauty” on the journey. You must get the day when the market value of Bitcoin exceeds that of gold.

This is not only a tribute to this epoch-making revolution, but also a tribute to the predecessors headed by Satoshi Nakamoto. It is their succession and unremitting pursuit of dreams that have created the wealth we have today.

This is a tribute to our youth and our joint participation in creating this great history.