Bitcoin's price fluctuations continue to be a hot topic, with Adam Back, a renowned cryptography expert from Satoshi Nakamoto’s Bitcoin whitepaper, stating that Bitcoin is undervalued at present. Back notes the previous high of $69,000 in 2021, a time when institutional involvement was minimal.

Today's Bitcoin landscape is vastly different, with financial behemoths like BlackRock actively managing Bitcoin ETFs. Additionally, reports indicate that the U.S. has bolstered its strategic reserves with Bitcoin. Despite these advancements, Bitcoin trades at $89,000, a mere 28% increase from its last all-time high. Bitcoin advocate Max Keiser also foresees notable price movements.