Analyst: '6-digit' BTC will be a symbolic rebuttal to skeptics
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Odaily Planet Daily News: Tony Sycamore, a market analyst at IG Australia, said, "Buyers are suppressing sellers. Although I am not sure if everything will go smoothly as we approach the $100000 mark, demand seems endless." Speculators are increasingly concerned about when Bitcoin will break through the $100000 mark, rather than whether it will break through. Supporters who believe that Bitcoin is a modern store of value see a six digit price as a symbolic rebuttal to skeptics who argue that cryptocurrency has little practicality and condemn its links to money laundering and crime. （Bloomberg）