“The New American Dream Is Holding a Full Bitcoin,” Says Bitwise Executive.

Bitcoin Holds Strong Above $105K as Younger Generation Embraces It as Financial Identity

Bitcoin (BTC) is trading firmly above $105,000, showing remarkable stability after a brief dip driven by renewed conflict in the Middle East. Following news of Israeli airstrikes on Iran, BTC slipped below $104,000 but quickly rebounded and was last seen at $105,590 — up slightly on the day.

The swift recovery underscores growing conviction among long-term holders, particularly younger investors who increasingly view Bitcoin as more than just a speculative asset.

Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, said during an episode of the Unchained podcast that Bitcoin is now “a new form of the American dream.” Rather than aspiring to traditional markers like suburban homeownership, many millennials and Gen Z investors now prioritize becoming “wholecoiners” — owning a full bitcoin — as a symbol of independence and intergenerational wealth.

“There’s a cultural shift happening,” Park explained. “Bitcoin represents freedom, sovereignty, and a shared value system that transcends borders. Owning even one BTC has become a badge of financial empowerment.”

Despite minor outflows from Ethereum ETFs and short-term market jitters, Park believes the broader trend remains bullish, especially as macro volatility drives more people toward decentralized assets.

BTC Technical Snapshot:

Price Action: BTC rebounded from $104,480 to $105,696 in the last 24 hours.
Support Zone: High-volume buying appeared near $104,400–$104,500, reinforcing that level as critical support.
Momentum: An intraday breakout above $105,000 occurred around 21:00 GMT, with further buying at 02:00 GMT.
Outlook: Consolidation above $105,470 suggests potential continuation toward $106,000 if demand holds.