Bitcoin Under $100K Is a Thing of the Past as Institutions Intensify Accumulation
Bitcoin faces a supply crisis as institutions and now governments ramp up their bitcoin acquisitions. Samson Mow, CEO of JAN3, sounds an alarm on Twitter, asserting that the opportunity to buy Bitcoin below $100,000 has vanished. He states that the chances of purchasing Bitcoin for less than $0.1 million are over. The increased demand creates a situation where investors may need to recalibrate their expectations for future purchases. As more institutional players enter the market, the dynamics change rapidly. Holding on for future gains could be wise as Bitcoin’s value experiences a significant upward trend.