Bitcoin continues to surprise investors by setting a new historical maximum at $118,403. Leading crypto experts comment on this event.
Bitcoin Sets New Historical Maximum
Today, Bitcoin (BTC) reached a price of $118,403, corresponding to a 6.62% increase in less than 24 hours from $110,850. Following this, the price slightly corrected and is currently at $117,850.
Crypto Investors React to Price Surge
Samson Mow, CEO of JAN3, and other crypto investors, including Strategy co-founder Michael Saylor, reacted to the sharp price increase. They noted that many witnessed the unexpected rise, and those who sold their assets likely feel regret now.
Bitcoin Supply Status and Predictions
Samson Mow also stressed that Bitcoin's supply is rapidly draining due to increasing demand from ETFs and institutional investors. In his tweet, he noted, 'There's not enough Bitcoin for everyone.' Additionally, he indicated that Bitcoin has reached 11.6% of the projected price of $1,000,000.
The heightened competition in the Bitcoin market and the entire crypto asset space, along with increased interest from major investors, may provoke further price changes in the near future.
