The significance of BTC reaching 120,000 USD in this bull run.

What changes have initiated this round of bull run?
The focus of the bull run is just one.
But each round of the BTC bull run has its unique historical significance.

🟧2009-2011 bull run: Created and proven to serve as both an asset and a currency.
🟧2011-2013 bull run: In March 2013, the Cyprus financial crisis broke out, leading to bank runs. People saw an excellent alternative to the significant depreciation of fiat currency, a new hope: BTC.
🟧2015-2017 bull run: Global retail investor recognition significantly increased. 2019-2021 bull run: Global financial institution recognition significantly increased.
🟧The ongoing 2023-2025 bull run: BTC is being legalized, formalized, and securitized in different countries. The general public, with no professional knowledge and who won't research exchanges and cold wallets, will begin to truly engage with cryptocurrencies by purchasing BTC spot ETFs launched by securities companies in the US, Hong Kong, Europe, and others.

Future scenarios include: a 22-year-old blonde beauty from Ohio who just graduated from college comes to New York to work. During her university years, she saved up some money. She walks into a securities firm to open an account intending to invest in stocks, but the account manager suggests she also open a BTC account and shows her the net increase history of the past decade.
The girl was scared when she saw it; prices had increased by thousands, hundreds, and dozens of times over the years. When comparing this to the history of the US stock market, even though the girl had never heard of BTC, she told the account manager that compared to this, isn't the US stock market just garbage? The account manager smiled and said there are stock markets in the world that are much worse than the US stock market, which has barely moved 3000 points in ten years. Thus, under the account manager's advice, the girl invested in both the US stock market and Bitcoin.