In the past day, the Bitcoin market soared over 4.16%. Currently, Bitcoin's price is only 4.9% below the $100,000 milestone. If the price breaks through this milestone today, it would be a significant moment, not just for the crypto community but also for supporters of the simulation theory. Recently, Superstate CEO Robert Leshner stated that he would reconsider his views on revolutionary theory if the BTC market surpasses the $100,000 milestone on November 28.
BTC and November 28: What is special about this date
When BTC broke through the $98,500 mark, many expected it would exceed the $100,000 mark that day. Buyers were unable to push the price above $98,935 that day. During the period from November 23 to 26, the market plummeted over 7.002%. However, buyers made a strong attempt to recover from the drop, pushing the price from $91,860.19 to $95,913. If the market performs the same way today, it will surely reach the $100,000 mark.
Interestingly, on November 28, 2013, Bitcoin reached the $1,000 milestone. On the same day, at least four years later (in 2017), the cryptocurrency reached the $10,000 milestone.
Comments from crypto leaders link Bitcoin price behavior to simulation theory
Simulation theory was proposed as early as 2013 (before the advent of virtual reality and augmented reality) by Oxford philosopher Nick Bostrom, which posits that advanced civilizations could create simulations indistinguishable from reality.
Although Leshner claims he is not fully convinced of the theory's credibility, he has promised to reconsider his views on the theory if the Bitcoin market reaches the $100,000 milestone on November 28.
The market possibility of Bitcoin price breaking through $100,000
Today, the Bitcoin market has slightly decreased from $95,832.12 to $95,380.00. The hourly chart of Bitcoin shows that although buyers supported the market to recover from earlier declines, sellers regained control and pushed the price down.
Not everyone believes the BTC market will reach $100,000 this month. Polymarket bettors believe the likelihood of Bitcoin reaching this milestone by the end of November is only 21%.
In summary, as Bitcoin approaches $100,000, the significance of November 28 and the theories surrounding it have heightened interest.