Bitcoin soared to an unprecedented peak of $118,403, setting a historic milestone driven by substantial inflows into spot Bitcoin ETFs and heightened market optimism. The surge reflects accelerating institutional adoption and reinforces Bitcoin’s position in mainstream finance.
Samson Mow, CEO of cryptocurrency firm JAN3, projects Bitcoin could climb to $1 million per coin, citing institutional capital inflows and the asset’s fundamental scarcity. With only 21 million coins ever to exist, intensifying demand against fixed supply continues to exert upward price pressure.
Spot Bitcoin ETFs are actively tightening market liquidity by absorbing available supply at record rates. This dynamic provides crucial price support while simultaneously validating Bitcoin’s investment thesis among traditional finance institutions.
Financial experts emphasize Bitcoin’s evolution into a recognized financial asset class, advising investors to prioritize strategic entry points and rigorous research. The current market trajectory highlights the growing convergence between cryptocurrency markets and conventional investment frameworks.