Bitcoin Crosses $100,000 Milestone: Historic Turning Point or Just the Beginning?

The global cryptocurrency market has just witnessed a significant event as the price of Bitcoin (BTC) surpassed the $100,000 milestone for the first time. This event not only reaffirms the position of Bitcoin as the "digital gold", but also promises to provide momentum for the entire cryptocurrency industry. Jerome Powell's speech: A major catalyst Federal Reserve Chairman Jerome Powell, in a recent event, referred to Bitcoin as the "digital gold". This statement immediately caused a stir, attracting the attention of investors worldwide. It is seen as a positive signal from the leading financial regulatory agency in the United States, while also reinforcing investor confidence in Bitcoin. Nick Forster: $100,000 is just the beginning Nick Forster, the founder of Derive and a reputable cryptocurrency analyst, asserts that the $100,000 price level will not hold for long. He believes that this milestone is not a stopping point, but an important milestone in Bitcoin's journey to new highs. Forster thinks that "FOMO" (fear of missing out) will continue to drive money flowing into the market. According to him: "I don't think we will see a prolonged consolidation period around the $100,000 level. Bitcoin is attracting a large influx of new investors and will continue to grow." Forster also predicts that the Bitcoin boom will shift attention to Ethereum (ETH) and related projects in the Ethereum ecosystem, which are currently undervalued compared to BTC. Matthew Hyland: Big changes are waiting Matthew Hyland, another cryptocurrency analyst, also agrees that the $100,000 milestone is a significant turning point. However, he warns that the market will become more volatile in the coming period. Hyland sets the next target for Bitcoin at $114,000 and advises investors to take advantage of opportunities in the 3-5 month time frame. Hyland optimistic declaration: "Everything is just beginning with crypto. This is the time when investors need to act quickly." Impact on the Ethereum market and ecosystem Not only Bitcoin, Ethereum (ETH) and other cryptocurrencies are also expected to benefit from the new investment wave. According to Nick Forster, with Bitcoin surpassing the important psychological milestone, many investors will start seeking new profit opportunities within the Ethereum ecosystem. Forster believes: "ETH is currently undervalued compared to BTC, but the money flow will soon shift strongly, especially as DeFi, NFT, and Layer 2 applications develop." Future forecast: $100,000 is a historical milestone Both analysts agree that the $100,000 milestone will go down in history as a turning point, but the true value of Bitcoin goes beyond that. Factors such as investor psychology, support from major institutions, and ongoing technological advancements continue to play a crucial role. Meanwhile, many other experts are closely monitoring to assess the long-term impact of this price milestone on the entire cryptocurrency market. Will Bitcoin be able to sustain its strong growth momentum, or will it face greater challenges in the future? DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)