Yesterday, Bitcoin’s price surged by over 4.16%, bringing it within 4.9% of the $100,000 milestone. If Bitcoin crosses this barrier today, it would be a significant event, not just for the crypto community, but also for supporters of the Simulation Theory. Superstate CEO Robert Leshner recently said he would reconsider his views on the theory if Bitcoin hits $100K today.
So, why is everyone talking about this? What makes today so special?
When Bitcoin reached $98,500, many expected it to break through the $100K mark immediately. However, the price stalled at $98,935. From November 23 to 26, the market dropped sharply by over 7%. Despite this, buyers have made a strong comeback, pushing the price from $91,860 up to $95,913. If this momentum continues, Bitcoin could very well reach $100K today.
November 28 holds special significance for Bitcoin. On this day in 2013, Bitcoin first crossed the $1,000 mark. Four years later, in 2017, Bitcoin surpassed $10,000 on the same date.
The Simulation Theory, introduced by Oxford philosopher Nick Bostrom in 2013, suggests that advanced civilizations could create simulations that are indistinguishable from reality—a concept that predates the rise of virtual and augmented reality.
Although Leshner has been skeptical of the Simulation Theory, he stated that if Bitcoin reaches $100K today, he would reconsider his stance. This makes the current moment even more interesting, as it connects Bitcoin’s price action with a thought-provoking theory.
Curious about where Bitcoin is headed next? Read Bitcoin price prediction insights and stay ahead of the market trends!
Today, Bitcoin’s price has dropped slightly from $95,832 to $95,380. On the hourly chart, while buyers initially helped the price recover from earlier drops, sellers have since taken control, pushing the price lower.
Not everyone is convinced that Bitcoin will hit $100K by the end of November. Polymarket bettors are currently assigning just a 21% chance to this happening.
As Bitcoin moves closer to $100,000, the excitement around November 28 continues to grow. Whether it’s the historical milestones or the theories surrounding it, this date is adding to the buzz.
As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046.
At the time of writing, 1 Bitcoin value was $94,712.05
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