Bitcoin Nears New High as Scarcity May Increase, Experts Suggest Potential Price Growth

2025-07-11 10:45:29

Main Idea

Bitcoin reaches a historic high of $118,403 driven by ETF inflows and growing scarcity, with experts like Samson Mow predicting rapid price gains and potential future highs.

Key Points

1. Bitcoin surged to a record $118,403, driven by strong inflows into spot Bitcoin ETFs and positive market sentiment.

2. Samson Mow, CEO of JAN3, forecasts Bitcoin could reach $1 million per coin due to institutional investment and its capped supply of 21 million coins.

3. ETF inflows are tightening Bitcoin supply, providing liquidity and boosting prices.

4. Experts highlight Bitcoin's growing traction as a mainstream financial asset, emphasizing strategic and informed investment approaches.

5. The article mentions other cryptocurrency-related news, such as the GMX hacker returning stolen funds and Bitcoin's potential to reach new highs near $120,000.

Description

Bitcoin has surged to a new all-time high, signaling renewed investor confidence and market momentum in the cryptocurrency space. Industry experts highlight Bitcoin’s increasing scarcity as institutional adoption and ETF

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