US National Debt Skyrockets, Influencing Bitcoin Enthusiasts

The general director of JAN3, Samson Mou, pointed out that at current prices, the US national debt equates to approximately 10 million Bitcoin coins (BTC). Surprisingly, there are still individuals who believe that $27,000 per Bitcoin is not an ideal price point for investment. As of now, the cryptocurrency is trading close to the $27,500 mark, showing a modest gain of about 0.11% over the past day. Over the past week, the flagship cryptocurrency has appreciated by 5%.

It is noteworthy that Bitcoin is still far from its all-time high, which was reached at around $69,000 at the end of 2021. However, given the high level of institutional investor activity, it can be inferred that these current prices are considered favorable for establishing long-term positions.

Recently, the author of the bestseller "Rich Dad Poor Dad" once again urged his followers on Twitter to actively buy Bitcoin at present. In his opinion, even at the current price, the flagship cryptocurrency remains an accessible investment. Furthermore, he expressed hope that the asset's value will significantly increase in the future.

At the end of September, representatives from Finbold consulted ChatGPT to determine the potential price target for Bitcoin following the next halving event. Machine learning systems suggested that, under favorable circumstances, the cryptocurrency's value could surge to $500,000. However, it was emphasized that international regulatory policies would exert significant influence on this prediction.