Bitcoin (BTC) Price Breaks $121K, ‘Perfect Asset’ for 1,000 Years
The post Bitcoin (BTC) Price Breaks $121K, ‘Perfect Asset’ for 1,000 Years appeared on BitcoinEthereumNews.com.
Key Notes Bitcoin climbed above $122K, just 0.84% below its all-time high. The daily creation of addresses reached a new peak of 364,126. Historical cycle patterns point to a potential September pullback. Bitcoin BTC $122 001 24h volatility: 3.2% Market cap: $2.43 T Vol. 24h: $47.32 B surged past $122,000 for the first time in nearly a month, coming within 0.84% of its all-time high of $123,091.61, making it one of the best crypto to buy in 2025. The rally coincided with a surge in network activity, with daily creation of 364,126 new Bitcoin addresses, the highest in a year, indicating massive adoption as per analyst Ali Martinez. 364,126 new Bitcoin $BTC addresses created daily, the highest in a year! pic.twitter.com/GJTzrT3Yo9 — Ali (@ali_charts) August 11, 2025 The Perfect Asset Veteran investor Willy Woo described Bitcoin as an perfect financial asset with the potential to last for the next millennium, yet acknowledged it remains far from overtaking gold or the US dollar in market dominance. 📊 MARKET INSIGHT: Bitcoin $BTC is the ‘perfect asset’ for the next 1,000 years, according to Willy Woo. Woo emphasizes the need for increased flows for Bitcoin to compete with the US dollar and gold. — CryptoAlert (@SatoshiWatch) August 11, 2025 Bitcoin’s current market capitalization of $2.43 trillion is still under 11% of gold’s $23 trillion and follows the US dollar’s $21.9 trillion supply. Woo noted that for Bitcoin to achieve world reserve status, massive capital inflows are required. Key Cautions Woo warned that with Corporate adoption through Bitcoin treasury holdings expanding, opaque debt structures pose the threat of a treasury bubble. Additionally, reliance on exchange-traded funds and custodial services concentrates ownership, potentially exposing Bitcoin to government intervention. While these on-ramps bring more capital, they also carry systemic risks if large holders do not adopt…
Filed under: News - @ August 11, 2025 7:29 am