#美国非农就业数据未达市场预期 $BTC

One million USD worth of Bitcoin—market frenzy or rational strategy?

The answer to this question might come in 2026. Behind these seemingly crazy numbers, there are actually several clear logical chains.

First, at the institutional level. The current buyers of BTC are no longer retail traders speculating, but various funds and sovereign wealth funds of this scale. What are they doing? Not short-term speculation, but strategic reserves. When the world's largest capital starts betting on digital assets, liquidity will undergo a significant change. Scarcity shifts from a commodity attribute to a financial attribute, and prices are no longer just a game between buyers and sellers but the result of global capital allocation.

Second, the technological cycle. After the halving in 2024, the entire market enters a new period of prosperity. Historical data shows that each halving corresponds to a cycle peak. 2026 happens to fall within this time window—supply of chips is shrinking, global liquidity is being released, and the collision of these two forces results in a nonlinear rise in prices.

What should we do in reality? Don't be scared by short-term fluctuations. A few thousand dollars of retracement, in the face of a target of one million, is essentially just trading noise. True gains come from holding through the cycle, not from predicting every shakeout.

One million USD may not be the end point, but just the starting point of the next consensus.