Bitcoin Shatters Record, Tops $118K in Wild Rally
Samson Mow, the outspoken CEO of JAN3—a company pushing for broader Bitcoin adoption—didn’t hold back on Twitter today as the cryptocurrency surged to a jaw-dropping all-time high of $118,403. The jump was sudden, even by crypto standards. Just hours before, Bitcoin was hovering around $110,850 before rocketing up nearly 7%. At the time of writing, it’s settled slightly to $117,850, but the momentum still feels unreal.
Honestly, nobody saw this coming—or at least, not this fast. Influencers like Mow and MicroStrategy’s Michael Saylor were quick to point out that anyone who sold recently is probably kicking themselves. The hourly charts tell part of the story: one single candlestick pushed prices up over 3%, something Mow might call an “Omega candle.” It’s the kind of move that leaves traders scrambling.
Supply Crunch Looms as Institutions Pile In
Mow didn’t stop there. In a follow-up tweet, he threw out a bold—if slightly tongue-in-cheek—reminder: “You can still buy #Bitcoin for less than $0.2M.” His point? Prices might seem high now, but they could go much, much higher. Behind the hype, there’s a real concern brewing: Bitcoin’s supply is vanishing faster than ever.
Between spot ETFs, corporate treasuries, and institutional buyers, demand is swallowing up available coins. “There’s not enough #Bitcoin for everyone,” Mow warned. It’s not just talk, either. The numbers back him up. With more big players entering the market, the idea of scarcity isn’t just theoretical anymore.
$1 Million Target? Maybe Sooner Than We Think
If you’re skeptical about Bitcoin’s long-term potential, Mow’s latest infographic won’t help. According to his data, the current price sits at roughly 11.6% of his projected $1 million target. Whether that’s realistic is up for debate, but the sentiment is clear: this rally might just be getting started.
Of course, crypto markets are anything but predictable. Corrections happen. Volatility is baked in. But today’s surge feels different—like a tipping point where institutional money meets retail FOMO. For now, all eyes are on whether Bitcoin can hold these levels or if another wild swing is around the corner.
One thing’s certain: nobody’s bored.
