Bitcoin officially broke through 0.12 million! "Cryptos Week" is critical, what other opportunities are worth paying attention to?

Witness history once again!

$比特幣 (BTC.CC)$ Today, it has surged past the 0.12 million dollar mark for the first time, creating a new historical high and stirring up market sentiment once more.

Looking ahead, Bernstein, Standard Chartered Bank, and Bitwise believe that Bitcoin will reach 0.2 million dollars by 2025, while JPMorgan believes it has the potential to hit 0.15 million dollars.

Institutions have become the main force in buying Bitcoin.

Bitwise states that the continued rise of Bitcoin is not just a short-term phenomenon, but rather a result of structural changes in the market, driven by a dual push of institutional fund inflow and supply tightening.

Bitwise CIO believes that this round of Bitcoin’s rise is not merely a price fluctuation, but rather reflects a reevaluation by investors of wealth preservation methods. He points out that Bitcoin offers a unique value storage service, allowing users to preserve their digital wealth without relying on the banking system.

George Mandres, a senior trader at XBTO Trading, stated: "This rise in Bitcoin reflects the maturing view of people towards Bitcoin, transforming from a purely speculative tool into a macro hedging tool and a structurally scarce means of value storage."

Mandres also emphasized that the inflow of funds into spot Bitcoin and Ethereum ETFs is one of the main driving forces.

BTC Markets Analyst Rachael Lucas pointed out: "Bitcoin has reached a new high, and this wave of growth is not a flash in the pan, but supported by substantial momentum."

She added that the daily net inflow of funds for Bitcoin spot ETFs in the United States has exceeded 1 billion USD, with total asset size climbing to 150 billion USD, accounting for over 6% of Bitcoin's total Market Cap, indicating that Institutions' confidence in Bitcoin is increasingly firm.

Bitwise Research Director André Dragosch stated in a post: "Bitcoin has reached an all-time high, but individual investors have hardly participated." He emphasized that although Bitcoin has continuously reached new highs, the interest in the term "Bitcoin" in Google searches has not significantly increased. Dragosch believes that this round of Bitcoin price increases is mainly driven by institutional investors rather than individual investors.

"Is 'Cryptocurrency Week' crucial?"

The U.S. House of Representatives previously announced that the week of July 14 (this week) will be designated as "Cryptocurrency Week," during which the CLARITY Act, GENIUS Act, and Anti-CBDC Act will be reviewed. This legislative "combination punch" marks a critical turning point in U.S. crypto regulation.

The uniqueness of synchronously reviewing three major bills lies in their systematic nature: the GENIUS Act attempts to incorporate stablecoins into the U.S. dollar reserve system, the Anti-CBDC Act targets privacy coins and central bank digital currencies, while the CLARITY Act focuses on defining regulatory authority. Specifically:

"CLARITY Act" - Defining Regulatory Boundaries

This act clearly delineates the regulatory responsibilities of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over cryptocurrencies, providing a clear compliance path for exchanges, project parties, and investors, and is seen as key to unleashing the innovative vigor of the U.S. cryptocurrency industry.

"GENIUS Act" - Stablecoin Act

This act has passed in the Senate and aims to establish a national regulatory framework for stablecoin issuance. The act requires all stablecoin issuances to be fully backed by U.S. dollars or equivalent high liquidity assets, and mandates annual audits for issuers with a market cap exceeding 50 billion dollars, while also establishing clear regulations for foreign issuers.

Trump expressed hope to sign this act before August, demonstrating the Republican strategy to solidify the U.S. dollar's position in the global digital economy through compliant U.S. dollar stablecoins.

The Anti-CBDC Bill — The Battle for Financial Privacy

This bill aims to prohibit the Federal Reserve from directly issuing Central Bank Digital Currency (CBDC) to the public. The core reason is to defend citizens' financial privacy rights and prevent the government from using CBDC for comprehensive financial surveillance.

What investment opportunities are worth paying attention to?

With the U.S. House of Representatives set to discuss three key bills to address Digital Asset regulation, the crypto market is expected to experience waves of volatility in the coming weeks.

Market news suggests that the progress of each proposed bill may trigger volatility in Cryptos such as Bitcoin and Ethereum. In addition to Cryptos, related concept stocks and ETFs in the Hong Kong and U.S. stock markets may also experience a correlation effect:

Includes: $Circle(CRCL.US)$ 、 $Coinbase(COIN.US)$ 、 $Robinhood(HOOD.US)$ 、 $OSL GROUP(00863.HK)$、 $Strategy(MSTR.US)$、 $BOYAA(00434.HK)$And so on.

In addition, in the Hong Kong stock market, stablecoin concept stocks continue to heat up, such as $GUOTAI JUNAN I(01788.HK)$ With recent popularity in the market, mooers can continue to pay attention to this investment theme.

Additionally, Futu's Cheetah Trading (Hong Kong) Limited applied for a Virtual Asset Trading Platform (VATP) license with the Hong Kong Securities and Futures Commission as early as 2023, and successfully obtained approval in January of this year.

According to regulatory requirements, the formal launch of the VATP license must be completed in stages. Currently, Cheetah Trading is actively cooperating with the Securities and Futures Commission in the second phase of the evaluation process, which includes assessing policies, procedures, systems, and monitoring measures. Once the evaluation is completed, the relevant business can officially take off. Mooers can stay closely updated.