The Market Landscape and Global Development After Bitcoin Breaks $100,000

Recently, the cryptocurrency market has reached a milestone moment, with the price of Bitcoin breaking through and stabilizing above $100,000 for the first time. Against this backdrop, the 2025 Las Vegas Bitcoin Conference has become the focus of the industry, attracting participation from many political and business figures.

The attitude of the U.S. government towards cryptocurrency seems to be shifting. A senior government official not only admitted to holding Bitcoin but also announced a more favorable policy stance towards cryptocurrency. This statement is seen as an important signal for the development of the crypto industry.

At the same time, the position of stablecoins in the global financial system is becoming increasingly prominent. With relevant legislation advancing in the U.S. Congress, stablecoins like USDC are expected to play a more important role globally, especially in economies lacking a domestic fiat currency. The design of stablecoins based on debit logic significantly reduces payment costs, making them a potential infrastructure for everyday payments.

At the policy level, the U.S. Congress is considering incorporating Bitcoin into the national strategic reserve. A bill proposed by a senator suggests allowing the government to hold up to 1 million Bitcoins over the next five years, which would account for about 5% of the global total supply. If this proposal is approved, it will have a profound impact on the Bitcoin market.

Not only the United States, but other countries are also starting to pay attention to Bitcoin reserves. Pakistan has announced plans to establish a national Bitcoin strategic reserve, marking a significant shift in the country's attitude towards cryptocurrencies and reflecting the idea of treating Bitcoin as a sovereign asset that is spreading globally.

However, the high risk of the crypto market still exists. The experience of a renowned trader has sparked widespread discussion, as he lost a substantial amount of money through high-leverage trading in a short period. This incident once again reminds investors of the importance of risk management.

In terms of institutional investment, a company named SharpLink Gaming has attracted market attention. The company has raised a significant amount of funds and shifted its focus to investing in Ethereum, becoming the first major case of a Nasdaq-listed company to make large-scale investments in Ethereum. This move is seen as a reflection of institutional investors' confidence in Ethereum.

Despite a slight pullback in Bitcoin prices recently, the overall level remains above $100,000. Analysts are optimistic about the short-term outlook for Ethereum, predicting its price could break through $3,000.

In the current uncertain market environment, experts advise investors to remain cautious, control leverage levels, and ensure asset safety. As the cryptocurrency market continues to evolve, policy changes and market fluctuations are still factors that require close attention.