Samson Mow, lifelong million-dollar Bitcoin advocate and CEO of a company focused on BTC adoption on January 3, has made another bullish BTC statement.
Samson Mow, lifelong million-dollar Bitcoin advocate and CEO of a company focused on BTC adoption on January 3, has made another bullish BTC statement.
Mow has shared his prediction that the world’s flagship cryptocurrency will finally reach 1 million in the year 2025.
Mow tweeted that Bitcoin is likely to skyrocket, although many people may doubt it.
Samson Mow and his previous $1 million BTC predictions
Samson Mow is famous for his long-term bullish predictions on the price of Bitcoin, as he has been constantly spreading the word about the likely arrival of $1 million per BTC as a result of the “Omega candles” or at least the “Godzilla candles.” “.
Their firm certainty is based on the approval of Bitcoin spot ETFs in January and the fourth Bitcoin halving that took place at the end of April. After ETFs got the green light from the US Securities and Exchange Commission (SEC), they began accumulating massive amounts of BTC. Every day except weekends, they collected millions in BTC to support their exchange-traded products.
Yuri MolchanThe only ETF that lost Bitcoin every day in withdrawals was Grayscale’s GBTC. This allowed BlackRock’s IBIT to finally surpass GBTC in terms of the size of Bitcoin holdings. Mow then claimed that spot ETFs will create a demand shock for Bitcoin.
Once the halving occurred and the block size was reduced from 6.25 to 3.125 BTC, the boss on January 3 tweeted that a Bitcoin supply shock had occurred. According to his predictions, the world’s flagship cryptocurrency will skyrocket to $1 million (and even more later) once the demand shock meets the supply shock.
Yuri MolchanBitcoin Market Performance
In the last 24 hours, the world’s largest digital currency in terms of market capitalization value has demonstrated a massive drop, losing the $64,000 and $63,000 levels.
Since Sunday, the price of Bitcoin is down 3.32%, falling from $64,345 to the $62,190 level, where it is changing hands at the time of writing.
As Guru-Investingpreviously reported, Bitcoin miners continue to sell as much BTC as they can. Bitcoin selling pressure from them continues to remain at a high level, becoming one of the key triggers that have been pushing the BTC price lower recently. Miners are dumping their BTC to cover mining expenses and secure their profits.
