Samson Mow, CEO of January 3 and a firm believer that Bitcoin will eventually reach the $1 million level, has made a bullish prediction regarding spot Bitcoin ETFs for this week.
Samson Mow, CEO of January 3 and a firm believer that Bitcoin will eventually reach the $1 million level, has made a bullish prediction regarding spot Bitcoin ETFs for this week.
Mow ETF Bullish Prediction
Exchange-traded funds based on the spot price of Bitcoin were approved by the SEC regulator in mid-January after many months of anticipation from the companies that launched those funds and the entire global Bitcoin community.
Since trading began, ETFs began scooping up monstrous amounts of Bitcoin from the market. On peak days, these purchases reached over 10,000 BTC. Most of this Bitcoin was consumed by the leading ETF IBIT launched by BlackRock. This fund currently holds over $15 billion in BTC equivalent and has outperformed centralized cryptocurrency exchanges like Kraken and OKX.
However, in recent days, inflows into these ETFs have suffered sharp outflows of over $850 million worth of Bitcoin. Last week, Samson Mow issued a statement in which he shared his expectation that very soon these outflows will likely become inflows again.
Today, Mow tweeted that he has a feeling this week will be “a net inflow week,” adding a Bitcoin hashtag. Some commentators interpreted this tweet as related to Bitcoin ETFs.
Meanwhile, Bitcoin price has broken through the $70,000 level, showing an increase of 5.12% today and printing several consecutive green candles on the chart.
Robert Kiyosaki buys 10 BTC
Prominent financial expert, investor and author of the book “Rich Dad Poor Dad” on personal finance, Robert Kiyosaki, is known as a strong supporter of Bitcoin. Today he tweeted that he intends to acquire 10 Bitcoins before April arrives.
Plan to make this purchase before the Bitcoin halving scheduled for the second half of April. This event will make the world’s flagship cryptocurrency much scarcer than before, considering the current purchases being made by ETFs.
Kiyosaki believes that in September of this year Bitcoin will reach an all-time high of $100,000. In his previous tweets, he stated that this would likely happen in June and that by the end of 2024 Bitcoin would skyrocket to $300,000.
