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Samson Mow Doubles Forecast
Yuri Molchan
Vocal Bitcoin Maximalist Samson Mow Revisits His Recent Bullish Bitcoin Prediction of $60,000
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Samson mows downA well-known Bitcoin proponent and CEO of BTC adoption-focused firm Jan3, posted a tweet to remind the global cryptocurrency community on the X platform (formerly known as Twitter) of his recent mega-bullish Bitcoin prediction.
Mow now expects BTC to never drop below $60,000 again.
Bitcoin Close to Regaining $63,000
Over the weekend, the world’s leading cryptocurrency, Bitcoin, saw an impressive growth of nearly 7.5%, moving from the $58,580 zone to the $62,900 zone, where BTC is changing hands at the time of writing.
The fuel for this sharp price increase was likely provided by a number of factors, including the better-than-expected CPI report and the end of the recent German government-imposed Bitcoin sell-off. Additionally, some events in the United States related to the upcoming November cabinet reshuffle took place over the weekend, unexpectedly adding fuel to the Bitcoin rally.
The entire cryptocurrency market followed BTC’s trend, allowing altcoins to return to the green zone with large price increases.
“Say Goodbye to Bitcoin Below $0.06 Million Forever”
On Saturday, Bitcoin maximalist Samson Mow tweeted that he doesn’t expect Bitcoin to fall below the $60,000 level ($0.06 million as he preferred to say) ever again. Today, he doubled down on his prediction. Mow’s ultra-bullish Bitcoin forecast is based on the fact that the fourth BTC halving took place in April of this year, reducing the block reward from 6.25 to 3,135 BTC, and the huge Bitcoin buying campaign initiated by spot Bitcoin ETFs that has been ongoing since January, when the SEC gave them the green light for trading.
Ultimately, Samson Mow believes that Bitcoin will be able to reach the astonishing $1 million price threshold and surpass it. In tweets earlier this year, Mow shared his expectations of seeing Bitcoin rise to $1 million, if not next year, then “very soon,” at any rate.
On Saturday, Mow tweeted that in October, in collaboration with German Bundestag MP Joana Cotar and the @BTCimBundestag Twitter account, he intends to present a plan for Germany to buy back at least the 50,000 that the German government sold as part of “a proper nation-state Bitcoin adoption strategy.”
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 ways. He has written for several media outlets about cryptocurrencies. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.