Bitcoin (BTC) is undergoing a disruptive transformation. Recently, the U.S. government's attitude towards encryption has undergone a significant shift, which is not just a simple 'market rescue' action, but a series of well-thought-out policy supports.

This transition marks that cryptocurrency, especially Bitcoin, is shifting from a speculative asset to a formally recognized financial tool by the state. The U.S. government has taken several significant initiatives, including introducing Bitcoin into 401(k) retirement plans, advancing stablecoin legislation, and a fundamental shift in regulatory attitudes. These actions collectively form a comprehensive support framework, laying a solid foundation for Bitcoin's position in the mainstream financial system.

With the clarification of the policy environment, market confidence has significantly improved. This not only provides policy support for Bitcoin but also attracts more institutional investors' attention, forming strong financial support. Bitcoin has officially become an 'on-system asset', and the significance of this transformation is profound.

Currently, the price of Bitcoin has reached a high of $117,000. Based on the current development trends and market movements, industry experts predict that by the end of the year, the price of Bitcoin is likely to break through the $170,000 mark. This prediction is not unfounded, but is based on a thorough analysis of market trends and the policy environment.

The recent rise of Bitcoin not only reflects its value as a digital asset but also underscores its increasingly important position in the global financial system. As more countries and institutions begin to take cryptocurrency seriously and embrace it, we may be witnessing the dawn of a new financial era.

However, investors still need to be cautious. Despite the bright prospects, the volatility of the encryption currency market remains high. When participating in investments, it is essential to conduct thorough research and weigh the potential risks and returns.