Bitcoin is having a moment—again. But this time, it feels different. The digital currency that once shocked the world by hitting $20K in 2017 and later $69K in 2021 is now hovering around $84,000. And despite a rocky few weeks marked by a dip to $74K, some of the loudest voices in the crypto space believe we’re on the cusp of something historic.
Samson Mow, CEO of Jan3 and a staunch Bitcoin supporter, put it bluntly: “We should have hit $200,000 already, and it shocks me every day that we’re not there yet.”
He’s not alone. Billionaire investors like Anthony Scaramucci and Tim Draper are forecasting a future where Bitcoin trades between $200,000 and $250,000. If they’re right, today’s price might one day look like a clearance sale.
The Spring Is Coiling
Bitcoin’s price action has been sluggish, sure—but zoom out, and a different story starts to take shape. On-chain data shows long-term holders are stacking sats at record levels. Roughly 2 million BTC remain on exchanges—low liquidity, tight supply. This kind of environment historically sets the stage for massive upside moves. Think 2017, but turbocharged.
Meanwhile, Bitcoin’s hash rate—the measure of computing power securing the network—keeps climbing, reaching all-time highs. Some analysts suggest sovereign players are now mining Bitcoin with “price-insensitive” capital. Translation: they’re not here for quick gains. They’re playing the long game.
A New Kind of Buyer
MicroStrategy’s relentless Bitcoin purchases are becoming a blueprint. The company has made it clear: they’re buying not because of dips, but because they believe Bitcoin is becoming the ultimate store of value. And the bigger question now isn’t if others will follow—but when.
“Once it becomes a race to print money to buy Bitcoin,” Mow said, “then all the gloves are off.”
Macro Pressure Is Fuel, Not Friction
In the past, global turmoil scared investors. Today, it’s driving them to alternatives. Currency devaluations, trade tensions, and bond market chaos are pushing capital toward assets that can't be printed or manipulated. Bitcoin’s narrative as digital gold isn’t just surviving—it’s maturing.
The 10-year U.S. Treasury yield just surged past 4.59%, unsettling traditional markets. At the same time, Bitcoin rebounded sharply from its lows, showing signs of resilience amid global instability. This isn’t speculative noise—this is capital moving with conviction.
Is This the Calm Before the Storm?
Bitcoin doesn’t wait for consensus. Its biggest runs happen when most people are still looking the other way.
If history holds true, the breakout won’t be slow and steady—it’ll be violent and fast. The kind of move where you blink and realize the window already closed.
So while headlines debate if Bitcoin is overbought or under pressure, some are quietly positioning themselves for what might come next.
And if $200K really is “long overdue,” as Mow says… the current price might not stick around for long.