Samson Mow, the CEO at Jan3 and a prominent Bitcoin advocate, recently took to social media to share his insights on when Bitcoin could potentially hit the $100,000 mark. Mow, who envisions Bitcoin eventually reaching $1 million, referred to the milestone as "$0.1 million" in his tweets. Alongside his predictions, Mow emphasized the increasing significance of Bitcoin in the current financial landscape.

According to Mow, there are two key factors that could drive Bitcoin to $100,000, with the first factor leading to the second. He believes that in order for Bitcoin to soar to $0.1 million, it must first surpass its previous all-time high of $73,750, which was achieved on March 14.

Mow elaborated that reaching a new historic peak would trigger a recursive demand shock for Bitcoin, propelling its price upward to $0.1 million. This optimistic outlook reflects Mow's confidence in Bitcoin's potential for substantial growth in the foreseeable future.

In recent market activity, Bitcoin has demonstrated resilience and upward momentum, with a notable 3.68% increase over the past 24 hours. This surge pushed Bitcoin's price above the $71,000 level after briefly dipping to $68,706 on Tuesday.

The sudden price surge can be attributed in part to significant inflows into spot Bitcoin ETFs on Tuesday, totaling a staggering $887 million. Notably, BlackRock's iShares Bitcoin Trust (IBIT) attracted $274 million in BTC, while the ARK 21Shares Bitcoin ETF (ARKB) saw an inflow of $139 million.

Commenting on the influx of buying activity, Mow expressed astonishment at Bitcoin's ability to remain below $0.07 million for an extended period. He emphasized the importance of Bitcoin exposure in today's market, asserting that it would be "madness" not to have any Bitcoin holdings at this point.

As Bitcoin continues its price fluctuations, currently hovering around $71,000 after briefly reaching $71,321 earlier in the day, investors remain attentive to developments in the cryptocurrency market, eagerly anticipating the potential for further gains.