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Samson Mow Doubles His $1 Million Bitcoin (BTC) Prediction
Yuri Molchan
Vocal Bitcoiner Samson Mow Shares Another $1 Million Bitcoin Prediction on His X Account
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Bitcoin mega-proponent Samson Mow used his handle X to remind the global cryptocurrency community of his expectations for Bitcoin will reach $1 million.
Earlier this month, Mow predicted that the world’s leading cryptocurrency would reach $1 million next year. Later in an interview, however, he added that even if it doesn’t happen this year or next, this historic price peak will be surpassed by BTC very soon.
Samson Mow Predicts Bitcoin to Hit $1 Million
Mow reposted a tweet about user X, urging BTC to skyrocket to $1 million. The BTC maximalist added his own commentary to that tweet, writing: “$1 million band.”
Four days ago, Mow tweeted that he expects BTC to hit $1 million, although many cryptocurrency users are doubtful. Samson Mow’s $1 million BTC prediction is based on the fact that Bitcoin has been sucked out of the market since mid-January, thanks to the SEC’s approval of spot Bitcoin ETFs. After the launch, they immediately started mining BTC in large amounts every day. By mid-April, they were buying about 10,000 BTC per day, which is much more than miners were producing daily.
In addition to this, Mow repeatedly emphasized that the fourth Bitcoin halving would take place this year, which finally happened in the second half of April. Once block rewards were cut in half to 3,125 BTC, ETFs continued to absorb Bitcoin from the market, thus creating, as Mow put it, a demand shock. Meanwhile, he also pointed out that the April halving created a shock to the supply of Bitcoin. According to his theory, once these two “Bitcoin shocks” meet, BTC will go to the moon.
He believes this will happen suddenly as a result of an “Omega candle,” which could be preceded by Bitcoin’s “Godzilla candles.”
Robert Kiyosaki waiting to get more BTC
Popular investor and author of the book “Rich Dad, Poor Dad” Robert Kiyosaki tweeted this week that he is waiting to buy more Bitcoin, as this asset is declining.
In a later tweet, however, he referenced famed investor Raoul Pal, who claims that Bitcoin is now entering the “banana zone,” meaning BTC is about to skyrocket.
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 Keizer, etc.