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Bitcoin to Reach $1 Million in Valuation, that Too Within Months? Here's the Logic Jan3 CEO Samson Mow Gives for the Prediction

  • As of June 9, 2025, Bitcoin is priced close to $106,300, showing a modest gain of 0.74% within the past day.
  • This price movement follows institutional interest, including a dormant whale buying over 250 BTC and firms like GameStop adding Bitcoin to their balance sheets.
  • On-Chain analysis identifies key resistance near $106,200 from recent investors, while short-term holders hold cost bases around $97,500, indicating potential price pressure zones.
  • Last month, John Deaton described Bitcoin as a safeguard against fiat currency failure, while critics like Peter Schiff dismissed its surge as mere hype lacking true value.
  • These developments suggest Bitcoin faces near-term resistance but continues to attract long-term institutional and retail interest amid economic uncertainty.
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DailyTruthReport broke the news in on Sunday, June 8, 2025.
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