Samson Mow, a renowned Bitcoin maximalist and CEO of Jan3, took to his official account on social media platform X to make another surprising Bitcoin prediction.
Samson Mow, a renowned Bitcoin maximalist and CEO of Jan3, took to his official account on social media platform X to make another surprising Bitcoin prediction.
Mow once again tweeted that he definitely expects Bitcoin to reach $1 million per unit.
“I know Bitcoin is going to reach a million dollars”
Samson Mow is a Bitcoin maxi well known for his predictions that the flagship cryptocurrency will reach $1 million in the long term.
This year Mow doubled down on his prediction, anticipating the fourth Bitcoin halving that took place in the second half of April. Before that, when the SEC officially gave the green light to spot Bitcoin ETF trading in January, and these ETFs started accumulating Bitcoin like crazy every day, Mow stated several times that such purchases would eventually create a shock to BTC demand. .
Regarding the halving, he said that once the block rewards are halved once again, it will create a Bitcoin supply shock. The conclusion Mow drew from this was that once demand and supply shocks meet, they will drive the price of Bitcoin up to $1 million or even higher.
On Monday, Mow tweeted that he knows for certain that Bitcoin will reach $1 million. However, there are two nuances; He cannot predict with certainty when it will happen and how quickly BTC will skyrocket to that all-time high.
Chances of jumping from $70,000 to $200,000 BTC are high, according to Mow
About a week ago, Mow shared that the “Bitcoin coil” seems very compressed now, and the longer the “Godzilla candle” does not appear, the higher the chances of BTC jumping with an “Omega candle.”
In the comments, he even agreed that, one night, the market can go to sleep with Bitcoin trading at $70,000, and then wake up hitting $200,000.
Yuri MolchanBitcoin holders face a major and sudden drop
In a recently published report, on-chain data aggregator Santiment revealed that there has been a massive three-day drop in the number of non-empty BTC wallets, and it is the largest since before the all-time peak reached by the major cryptocurrency on March 14. .
This is likely a result of Bitcoin’s recent declines: holders have been selling out of fear of further price declines.
