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Analyst: '6-digit' BTC will be a symbolic refutation to skeptics.
Odaily Planet Daily News IG Australian company market analyst Tony Sycamore said, "Buyers are suppressing sellers. Although I am not sure if everything will go smoothly when approaching the $100,000 mark, the demand seems to be endless." Speculators are increasingly following when BTC will break through the $100,000 mark, rather than whether it will. Supporters of BTC as a modern store of value see the six-figure price as a symbolic rebuttal to skeptics, who believe that cryptocurrencies are almost impractical and condemn their association with money laundering and crime. (Bloomberg)