The great revolution originating from Bitcoin will undoubtedly create a great history belonging to Bitcoin

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

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

I believe that countless people who have participated in this arduous yet great journey will be extremely excited to witness this moment, while at the same time deeply feeling a mix of emotions.

The excitement goes without saying, while the mixed feelings mainly come from the absurdity and speechlessness encountered when the explorers of the new world meet the stubborn, conservative, obstinate, and pedantic old-timers of the old world.

The following article, first published in People's Daily in 2022, vividly illustrates the stubbornness, conservatism, obstinacy, and pedantry of the old-timers:

"Virtual Currency is Ultimately a Pipe Dream, a Ponzi Scheme" (
http://finance.people.com.cn/n1/2022/0626/c1004-32456864.html)

From another perspective, perhaps it is precisely because of this contrast that the revolution originating from Bitcoin is highlighted as being so great, so earth-shattering.

Previously, whenever readers asked me about my price prediction for Bitcoin in this market cycle, I always said $100,000, without predicting any higher price.

On one hand, I couldn't predict it; on the other hand, I wanted to be conservative and not let emotions cloud my judgment.

Moreover, I thought this price level would probably be reached next year.

I didn't expect that just at the beginning of December, the $100,000 mark would be breached.

Looking ahead to next year, I am more hopeful that the cryptocurrency ecosystem will have new tracks and new applications emerge, so that Bitcoin does not stand alone, but the entire crypto ecosystem can flourish, allowing us to witness another bull market with applications, highlights, breakthroughs, and innovations.

At the current price level, I will not sell my holdings; I still expect the cryptocurrency ecosystem to perform even more brilliantly next year and to create even more dazzling new highs.

Recently, the Chairman of the Federal Reserve mentioned Bitcoin in an interview, stating that Bitcoin's competitor is gold, not the dollar.

I completely agree with his viewpoint.

In my impression, this is the first time a high-ranking Federal Reserve Chairman has directly compared Bitcoin with gold.

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

At this moment, Bitcoin's market value is $2 trillion, while gold's market value is approximately $20 trillion. If it rises 9 times, Bitcoin's market value will exceed that of gold, at which point the price of a single Bitcoin will exceed $1 million.

I believe this day will come, and it will come within our lifetime.

Of course, this day cannot be achieved overnight; the journey to surpass gold and truly become the so-called "digital gold" has never been smooth. There will be storms and twists along the way, but after the setbacks, there will surely be clear skies and bright sunshine.

Therefore, I suggest that every reader, if possible, should keep at least one Bitcoin and hold onto it, without trading in and out, and not to be enamored with the fleeting "scenery" along the journey. We must wait for the day when Bitcoin's market value exceeds that of gold.

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

This is also a tribute to our youth and our collective participation in forging this great history.