As Wall Street begins to take cryptocurrencies seriously, the market is quietly changing. Recently, a statement from the head of a top global asset management firm has once again attracted attention — he believes that Bitcoin breaking through $700,000 is not impossible.

This financial giant, managing over $10 trillion in assets, once held a cautious stance on digital assets. Now, this shift in attitude hints at a bigger signal: a collective awakening among traditional financial institutions.

**Specific Trajectory of Institutional Deployment**

Data speaks the loudest. Relevant institutions have launched the world's largest Bitcoin spot ETF product, attracting over $10 billion in funds. This is not small-scale activity but real capital investment. Meanwhile, more than 20 top-tier institutions worldwide have entered the market, from hedge funds to pension funds and insurance companies. Their participation is rewriting Bitcoin’s market positioning.

**Mathematical Logic of Price Potential**

Bitcoin’s all-time high once reached $70,000. If it truly hits $700,000, that implies nearly a 10x increase. It may seem crazy at first glance, but in the context of institutional entry and liquidity release, this number no longer appears so far-fetched. Mainstream cryptocurrencies like Ethereum and BNB are also gaining institutional attention amid this wave.

**Where is the Turning Point?**

The key is that Bitcoin is gradually evolving from a "speculative asset" into a "new asset class." As insurance companies start considering holdings and pension funds begin allocating, liquidity, stability, and acceptance are improving. This is not just a few voices but a redefinition of the entire system.

Of course, optimistic voices are also accompanied by caution. After every bull market frenzy in history, corrections often come unexpectedly. Market participants need to consider: Is this truly a paradigm shift, or just another cyclical story? What’s your view?