The price of Bitcoin has surpassed $100,000 and is now valued at $102,668. Bitcoin advocate Samson Mow has set a target price of $1 million for the coin. This milestone comes 15 years after Bitcoin's inception, and Mow has always expressed confidence in its potential. The scarcity of Bitcoin, following the halving event earlier this year, has contributed to its growing demand. Companies like MicroStrategy, Metaplanet, and Semler Scientific have been accumulating Bitcoin, and there is speculation that Microsoft may also join in. American investors are also gaining exposure to Bitcoin through spot Bitcoin ETF products, with BlackRock's Bitcoin ETF now managing over $50 billion in assets. With these adoption channels and increasing scarcity, Bitcoin may be able to reach its projected $1 million price.



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