Looking back, the ups and downs of the cryptocurrency market have left me deeply moved. Galaxy Digital founder Novogratz predicts that Bitcoin could rise to $100,000 by the end of the year, which reminds me of the crazy bull market in 2017. At that time, there were similar optimistic expectations, but ultimately the market experienced a prolonged bear market.

The current situation has similarities to and differences from those years. The policy environment is gradually becoming clearer, and traditional financial giants are also beginning to enter this field, all of which are positive factors. However, the psychological shadow caused by the "1011" crash still lingers, and investors need time to regain confidence.

From historical experience, the market always swings between hope and fear. Even if Bitcoin truly reaches $100,000, it is very likely to face significant selling pressure. Wise investors should focus on projects that provide real value rather than blindly chasing gains.

Looking back at the development of cryptocurrencies over these years, regulatory policies have always been a key factor. From initial ambiguity to gradual standardization, every policy change has profoundly influenced the market direction. In the future, only through continuous innovation on a compliant basis can the crypto industry truly achieve long-term healthy development.