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“I Know Bitcoin Will Hit $1.0 Million”: Samson Mow
Yuri Molchan
Samson Mow, vocal Bitcoin advocate, predicts BTC will reach $1 million with minor nuances: “when” and “how quickly”
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Samson Mowa renowned Bitcoin maximalist and CEO of Jan3, used his official account on social media platform X to make another stunning prediction about Bitcoin.
Mow tweeted once again that he definitely expects Bitcoin to hit $1 million per unit.
“I know Bitcoin will reach $1 million”
Samson Mow is a well-known Bitcoin big man for his predictions that the flagship cryptocurrency will reach $1 million in the long term.
This year, Mow doubled his prediction, anticipating Bitcoin’s fourth halving to occur in the second half of April. Previously, when the SEC officially gave the green light to trading spot Bitcoin ETFs in January, and these ETFs started accumulating Bitcoin like crazy every day, Mow had stated several times that those purchases would end up creating a shock in BTC demand.
Regarding the halving, he said that once block rewards are halved again, it will create a shock to the supply of Bitcoin. The conclusion Mow drew from this was that once supply and demand shocks meet, they will push the price of Bitcoin up to $1 million or even higher.
On Monday, Mow tweeted that he knows for sure that Bitcoin will hit $1 million. However, there are two nuances; cannot predict with certainty when it will happen and how quickly BTC will skyrocket to that all-time high.
The odds of going from $70,000 to $200,000 BTC are high, according to Mow
About a week ago, Mow shared that the “Bitcoin coil” now seems very compressed, and the longer the “Godzilla candle” doesn’t appear, the higher the chances of BTC jumping up with an “Omega candle.”
In comments, he also agreed that, one night, the market could fall asleep with Bitcoin trading at $70,000, and then wake up touching $200,000.
Bitcoin holders are facing a sudden and sharp decline
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’s the largest since before the majors hit an all-time high BTC wallets. cryptocurrency on March 14.
This is likely the result of Bitcoin’s recent declines: holders have been selling, fearing a bigger price collapse.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects of it. He has written for several crypto media. His articles have been cited by cryptocurrency influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.