Bitcoin Surpasses $90,000

🔘Amid U.S. inflation data, Bitcoin surged, reaching a peak of $91,100. Analysts suggest that the next target could be $100,000. JAN3 CEO Samson Mow made bold predictions for Bitcoin’s future, stating that macroeconomic factors could drive the asset to a seven-figure valuation. Mow speculated that the U.S. might eventually peg the dollar to Bitcoin’s smallest unit, the satoshi. This shift would significantly increase Bitcoin’s value, with Mow forecasting a potential price of $100 million per coin.

🔘Long-term holders show resilience: data from Glassnode indicates that investors are not exhibiting excessive greed. Samson Mow remains optimistic that Bitcoin will reach $100,000 by the year’s end, attributing the current delay to the FTX collapse and Grayscale’s impact on the market.