The Market Landscape and Policy Changes After Bitcoin Breaks $100,000

The 2025 Las Vegas Bitcoin Conference became the focal event in the cryptocurrency space. Against the backdrop of Bitcoin's price breaking $100,000 for the first time, this unprecedented gathering showcased the flourishing development of the crypto market.

The Vice President of the United States admitted at the meeting that he holds Bitcoin and announced the end of the previous strict enforcement policies on cryptocurrencies. This statement is seen as a significant shift in the government's stance.

At the conference, the topic of stablecoins attracted widespread attention. With relevant legislation advancing in Congress, stablecoins are expected to play a more important role in the global financial system. Especially in some economies, stablecoins may become the infrastructure for daily payments, and their cost advantages have been validated in multiple regions.

The U.S. Congress is discussing a proposal to include Bitcoin in the national strategic reserves. The proposal suggests allowing the government to hold approximately 1 million Bitcoins over the next five years, which would account for nearly 5% of the global supply. If passed, it would have a profound impact on the Bitcoin market.

It is worth noting that Pakistan has also announced plans to establish a national Bitcoin strategic reserve, indicating that this concept is spreading globally. This represents a significant shift in attitude for Pakistan, which had previously closed Bitcoin exchanges due to regulatory issues.

The sports industry is also beginning to accept cryptocurrency. Paris Saint-Germain Football Club holds Bitcoin on its balance sheet, a move that coincides with the eve of its participation in the Champions League final.

However, the cryptocurrency market also carries risks. A trader reportedly lost about $85 million in a week, mainly due to high leverage trading strategies. This incident serves as a reminder of the dangers of leveraged trading.

In terms of macroeconomics, the US court's ruling on the tariff policy during the Trump era has caused market fluctuations. Furthermore, the stagnation of US-China trade negotiations has also brought uncertainty to the market.

The news of tech entrepreneur Elon Musk stepping down from the government efficiency department has also attracted attention. This decision is related to the challenges faced by his company, but Tesla's stock price has rebounded.

In terms of investment in Ethereum, SharpLink Gaming's transformation has become a hot topic. The company has raised a significant amount of funds to invest in Ethereum, becoming the first Nasdaq-listed company to do so, with its stock price rising significantly in a short period.

Despite market fluctuations, Bitcoin still maintains a stable support above $100,000. Ethereum and XRP have performed relatively steadily, with analysts predicting that Ethereum may break through $3,000 in the short term.

In the current environment full of uncertainty, industry insiders suggest that investors maintain low leverage to ensure asset safety. Although the cryptocurrency market shows positive trends, one must remain vigilant about policy changes and market fluctuations.