Bitcoin
Bitcoin Will Hit $1 Million: Samson Mow Predicts Massive Rise
JAN3 CEO Samson Mow, along with a Bitcoin advocate, predicts that Bitcoin (BTC) will gradually reach $1 million, emphasizing that it is a question of “when”, not “if”. Mow’s bullish outlook is based on strong supply and demand dynamics, highlighting the important role of spot Bitcoin ETFs in holding over a million BTC, which represents almost 5% of the total supply. Additionally, he discusses the Veblen effect, where demand increases as prices rise, potentially leading to more investment in BTC. Despite a recent drop in BTC to $68,000, it remains close to its all-time high of $74,000.