Bitcoin finally exceeded $100,000.

In terms of news, the nomination of the new SEC chairman has released more positive sentiments. According to Golden Ten reports, US Republican President-elect Donald Trump said on Wednesday that he has officially nominated Paul Atkins to serve as chairman of the US Securities and Exchange Commission (SEC).

It can be seen that the chairman has extensive experience in the construction of regulations, has token blessings, and also shows a very positive attitude towards digital assets. A clearer and more inclusive regulatory framework can be built for digital assets. In the appointment announcement, Trump also praised him a lot, saying, "Paul Atkins firmly believes that robust and innovative capital markets can meet the needs of investors and provide funds to make our economy the best in the world. He also recognized that, Digital assets and other innovations are critical to making America great”

Back to Bitcoin itself, from 2010 Laszlo. Hanyecz spent 10,000 Bitcoins to buy pizza, which started to give Bitcoin a realistic price scale. It has been 16 years since Bitcoin broke through 6 figures.

This social experiment is undoubtedly successful. Perhaps it is too early to talk about transcending sovereign currency, but this is undoubtedly a bottom-up development of decentralized currency. The overall victory is the common victory of the participants composed of geeks and grassroots. In the short 16 years, Bitcoin has gradually withdrawn from the stigma of money laundering and fraud, gradually moved from digital gold to a super-sovereign currency, and as the center of the crypto world, it has derived a more independent, faster and more transparent A new financial system, Web3 also carries the rapid evolution of the transformation of traditional financial infrastructure.

But these tens of millions of encryption users have created a 3 trillion encryption empire. If added to the global Internet population of 5.4 billion, the potential behind it is self-evident. Metaphor.

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 it has not yet been widely used. Payment methods, price fluctuations are large, and individuals are not allowed to hold them simply due to identity reasons.

Whether it is passed or not, but perhaps thanks to the incoming SEC chairman and the institutional platform, the copycat season that has been waiting for nearly three years is finally being falsified. Come in.

The rise in currency prices has pushed the market's emotional concerto to a climax, the mainstreaming process of crypto assets has accelerated, and value recognition has begun to grow. And all of this is achieved based on Bitcoin.

The decentralized values ​​​​of the crypto world will inevitably be impacted, and the side effects of mainstreaming-the dollarization trend of crypto assets continue to emerge. Compared with Bitcoin, the total net asset value of 11 Bitcoin spot ETFs in the United States is 108.23 billion U.S. dollars, accounting for 5.54% of Bitcoin’s market value. According to statistics, the United States has more than 210,000 Bitcoins and is one of the largest Bitcoin holders in the world.

But fortunately, the public fruits of selfish desires are still spreading. The imagination economy represented by cryptocurrency is still soaring, and the opportunity for young people to make a big difference and change their lives has not yet dissipated. , the hope of freedom, coupled with the dream of getting rich, shines in today's society with refined division of labor and solidified classes, attracting many newcomers of the Z era.