Optimism is growing day by day as Bitcoin breaks through 120,000 for the first time in history.

On July 14, Bitcoin broke free from its narrow trading range, for the first time in history surpassing $120,000 per coin, with investor optimism nearly increasing daily. After a surge triggered by Trump’s second election as U.S. president, Bitcoin had been fluctuating around $100,000 for months, as concerns over Trump’s political and economic policies suppressed market optimism regarding government support for cryptocurrency agendas. Now, as other risk assets return to near historical highs, Bitcoin has also begun to rise again. George Mandres, a senior trader at XBTO Trading, said: "This shift indicates a maturing perception of Bitcoin among people; it is not just a speculative asset but also a macro hedging tool and a structurally scarce store of value. The surge in risk appetite in the stock market, coupled with a large influx of institutional funds into Bitcoin and Ethereum spot ETFs, has driven Bitcoin steadily upward, significantly differentiating it from the previous volatility of bull markets."