Financial Focus News Why is Bitcoin soaring again? What exactly does the progress of stablecoin legislation mean? Is Trump’s regulatory attitude really “reshaping the market”? Also. why is Wall Street so excited?

May 21, 2025, a day that has been recorded in the history of Bitcoin. Just as Wall Street was still suffocating for the volatility of the bond market, Bitcoin quietly made a historic breakthrough. Bitcoin officially stood at the $110,000 mark, setting a record high. This is not only a transcendence to the high point of the day Trump took office on January 20, but also a positive challenge to the entire financial system. We will take you to disassemble this video: Why is Bitcoin soaring again? What exactly does the progress of stablecoin legislation mean? Is Trump’s regulatory attitude really “reshaping the market”? Also, why is Wall Street so excited? [First: Bitcoin breaks through $110,000, and the market is booming] The Bitcoin market always hits the market again when you think it has "get rested enough". Bitcoin prices have risen steadily over the past week. During the session on Wednesday, it once surged to $109,800, and then briefly pulled back. But on Thursday, it directly broke through the $110,000 mark, with a single-day increase of more than 2.7%. In contrast, US stocks are sluggish under the influence of poor bond auctions. Although gold performs steadily, it is far behind Bitcoin. Who is the driving force behind it? enterprise? Wall Street? Or policy? All are right, but more than that. [Second: Stablecoin legislation has made a breakthrough, regulatory expectations have turned sharply] Just before Bitcoin hit a new high, the US Congress reported a major news: Stablecoin legislation has ushered in key progress. The bill, driven by the crypto industry and negotiated for months, is finally ready to be submitted to the Senate for consideration. More importantly, some Democratic lawmakers who originally held opposition quietly withdrew their obstruction. This sends a strong signal-the turning point of regulation is here. The new contents of the bill include: 1. Stronger anti-money laundering clauses 2. Clear restrictions on technology companies and overseas issuers 3. Consumer protection framework 4. Galaxy Digital CEO Michael Novogratz said bluntly: "This is a transformation from the Gensler era to Trump's regulatory thinking." This is not just a regulation, but also a catalyst for confidence in the entire crypto industry. [Third: Trump administration’s attitude changes, crypto market repricing] Let’s look further. Have you noticed a trend? Since Trump took office, policy tendencies have become increasingly biased towards the crypto industry. Just this Thursday, Trump also plans to have a dinner with his largest memecoin holder at his golf club outside Washington. Although the dinner has raised doubts about a "conflict of interest", it undoubtedly conveys a signal: Trump not only "accepts cryptocurrency", but even actively embraces it. This is in stark contrast to the strong regulation of the crypto industry by the SEC over the past few years. The clarity of regulatory direction has led capital to reprice crypto assets. "Legality" and "government endorsement" have become the core variables of the new round of market conditions. [Fourth: Multiple driving forces behind Bitcoin’s strengthening] In addition to the warming of policies, Bitcoin has several core driving forces in this round of soaring: 1. Companies continue to increase their holdings, represented by Strategy (MSTR), not only continue to buy Bitcoin, but also attract other imitators: Strategy currently holds Bitcoin. The market value of Bitcoin has exceeded US$50 billion. Cantor Fitzgerald teamed up with Tether and SoftBank to establish an imitation company GameStop. The board of directors approved the inclusion of Bitcoin into reserve assets. Strive Enterprises is planning to establish a Bitcoin vault company. This is not a speculative carnival, but a wave of "enterprise-level adoption". 2. Options and ETF funds pour in. According to Deribit data, a large number of Bitcoin call options of 110,000, 120,000 or even 300,000 US dollars have been established recently, with a concentrated expiration date of June 27. Meanwhile, open contracts in CME Bitcoin Futures increased by 23% month-on-month, while Bitcoin ETFs had inflows of up to $3.6 billion in May. Behind this is not just speculation, but the continuous inflow of institutional forces. [Fifth: Bitcoin has really become a "safe haven"? 】 Against the backdrop of the stalemate of US budget negotiations and soaring debt burdens, the "Bitcoin safe-haven theory" has risen again. With the pressure on the US dollar, the soaring long-term bond yields, and the problem of fiscal deficits continue to ferment, the market began to think: If the fiat currency loses its credit anchor, what else can provide hedging? gold? certainly. But the answer to the digital native generation is: Bitcoin. In the turbulent global financial system, Bitcoin is being regarded as a "new generation of digital gold" as a safe haven target for anti-inflation and excessive currency issuance. [Sixth: The boundary between the currency circle and Wall Street is disappearing] Today's Bitcoin is no longer a "geek's game currency", but a financial asset that is truly accepted by Wall Street. Bitcoin ETF officially became the mainstream investment target. Blockchain concept stocks continued to rise, CRPT rose 14%, DAPP rose 11%, and Galaxy Digital rose more than 5.6%. Although the micro-strategy has lagged behind, it is still a benchmark for institutional allocation. Even the difficult stock GameStop has begun to allocate Bitcoin as a reserve. When the currency circle, stock market, bond market and politics begin to develop linkage, this means that crypto assets are entering the center of the "financial geopolitics" game. [What should we be wary of after the fanaticism? 】 Of course, back to reality, we cannot ignore the potential risks: If the bill eventually aborts, regulatory favors or reversals Once Trump and the crypto circle are scrutinized to a greater extent, it may lead to judicial or voters rebound. Whether the Federal Reserve and the Treasury will interfere in the market is still unknown. Bitcoin has reached $110,000, just the beginning of the story. Next, whether you are an investor, policy observer, or ordinary audience, the most noteworthy thing is: Can the "institutionalization path" of crypto assets be truly implemented? Is the sword of supervision support or suppression? If you like this issue, don’t forget to like, forward and subscribe! We will continue to follow the progress of stablecoin legislation, new developments in Bitcoin ETFs, and the Trump administration’s next layout in the crypto market. Disclaimer: The content of this video, the views and opinions expressed by the author or anyone mentioned in this article are for reference only and do not constitute financial, investment or other advice. There is a risk of financial loss when investing or trading crypto assets. #Financial News#Cryptocurrency#Investment Vision