[Samson Mow issues important Bitcoin buying warning]
Bitcoin advocate and JAN3 CEO Samson Mow has warned that as Bitcoin approaches $100,000, opportunities to buy below are quickly disappearing. Once above $100,000, prices could accelerate and even reach $1 million within the next year or sooner, he said.
Currently, Bitcoin price has reached a new high, approaching $98,000. Mow believes that the Bitcoin halving and demand shock are the two main reasons for the price increase. He mentioned that the Bitcoin halving will bring about a reduction in supply, while large purchases of spot Bitcoin ETFs will drive demand upwards. In addition, the spot Ethereum ETF launched earlier this year and the spot XRP ETF applied for by BlackRock have also intensified market enthusiasm.
According to Whale Alert data, 12,899 Bitcoins worth $1.221 billion were transferred from one anonymous wallet to another 20 hours ago. This transaction triggered community discussions. Some users speculated that this may be a whale reallocating assets or an exchange transferring funds between cold wallets.
In addition, a wallet that had been inactive for 12.8 years was recently reactivated, with the value of 50 Bitcoins in it increasing from the original $200 to $4.61 million, further attracting market attention.
Sentiment is running high as Bitcoin approaches $100,000, but there is also a need to be wary of potential price swings.
