PANews December 6 news, according to CoinDesk, Citibank said in a research report on Thursday that earlier this week, driven by a series of favorable factors, Bitcoin hit a record high in the rally after the US election, breaking through the $100,000 mark; digital asset-friendly Paul Atkins was named as the chairman of the US Securities and Exchange Commission (SEC), providing the final boost for Bitcoin to break through $100,000 and hit a record high; as the adoption rate of cryptocurrencies continues to rise, Bitcoin continues to be supported by ETF inflows and other buying behaviors; the macro environment is also favorable for digital assets, and loose financial conditions and solid economic growth are favorable for crypto tokens. However, no significant growth in on-chain activities has been seen; in the long run, the utility or value of a network will be associated with its usage, macro relevance, and production costs. A newer and more relaxed regulatory system may unlock more and broader application scenarios for blockchain assets. More relaxed crypto policies should be able to expand this asset class, but Bitcoin has been classified as a commodity and already has spot ETFs and futures contracts, so its room for gain may be smaller than other tokens.