YEREVAN (CoinChapter.com) — Bitcoin recently reached $100,000, marking an all-time high. The milestone has fueled optimism among investors and analysts alike, as many view the price surge as a significant moment for cryptocurrency. The rise was attributed to several factors, including increasing institutional adoption and renewed interest from retail investors.
The rapid price increase has also raised concerns among some experts. Critics warn that past Bitcoin price history shows patterns of sharp corrections after significant rallies, sparking debates about the asset’s sustainability at these levels.
Bitcoin’s historic volatility continues to draw attention, with its $100K milestone serving as both a triumph and a cautionary marker.
Jane Adams Urges Caution Amid Bitcoin $100K Surge
Analyst Jane Adams has issued a stark warning to investors about buying Bitcoin at its current price. In a widely circulated tweet, she stated, “Do not buy Bitcoin right now,” calling the current market frenzy a potential “pump-and-dump scheme.”
Adams pointed to Bitcoin’s price history to support her claims. Following the 2016 halving, Bitcoin climbed from $650 to $20,000 before falling to $3,200 in 2018. Similarly, after the 2020 halving, Bitcoin rose from $9,000 to $69,000, only to drop to $15,000 within a year. She emphasized that the cryptocurrency market often experiences corrections after reaching record highs.
According to Adams, investors should wait for Bitcoin to drop to around $60K or lower, as history suggests such corrections are common. She criticized the fear of missing out (FOMO) driving many investors to buy at inflated prices, warning that this behavior often results in significant losses.
Bitcoin Price Correction Sparks Debate
Adams’ comments sparked a flurry of responses on social media. Bitcoin advocate Walter Schweitzer dismissed her advice as “loser talk,” encouraging investors to continue dollar-cost averaging (DCA) regardless of Bitcoin volatility. He argued that long-term accumulation is the key to benefiting from Bitcoin’s growth.
Other voices supported Adams’ cautious stance. X user Sabata noted that Bitcoin often corrects after rapid price increases, suggesting that waiting for a pullback aligns with historical patterns. Another user highlighted the high probability of future gains for long-term holders, while acknowledging that short-term corrections are likely.
Brian Armstrong Celebrates Bitcoin’s $100K Achievement
In stark contrast to Jane Adams’ cautious stance, Brian Armstrong, the co-founder and CEO of Coinbase, celebrates Bitcoin’s historic rise to $100K as evidence of its long-term growth. While Adams warns against buying during the current surge, Armstrong highlights Bitcoin’s 12-year trajectory. He notes that a $100 investment in 2012 would now be worth $1.5 million, presenting Bitcoin as a top-performing asset and a potential hedge against inflation.
Above all, as Bitcoin has hit the $100K milestone, analysts from both ends of the risk spectrum try to advise investors on where the future will take Bitcoin’s price over the short and long term.
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