The Canadian government has officially proposed Bill C-25, which aims to completely blacklist political donations in cryptocurrencies such as Bitcoin. The reason given is that "pseudo-anonymity" makes it difficult to trace funds, raising concerns about foreign interference in elections. This logic is similar to the recent ban in the UK, indicating that Western regulators are intensifying their crackdown on decentralized finance. Ironically, this channel has been almost unused since it opened in 2019, representing a typical case of "regulation without incident"; the anxiety from regulators is palpable.
Do not let this noise cloud your judgment; this level of negative sentiment has long been digested by the market. The current market situation is very clear: Bitcoin is repeatedly testing the six-figure mark. As long as the weekly close can remain above the key support level, it will signal the confirmation of a new round of upward momentum. The current strategy is to hold core positions and not get shaken out easily; each pullback now is a buildup for a higher surge later. Hold steady and don’t panic; once a trend is established, it won’t change easily.
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