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Why this exec thinks $1M for Bitcoin ‘was already decided’

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Samson Mow predicts Bitcoin’s future amidst record highs, sparking curiosity about its potential and market impact.

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Samson Mow, the former CSO at Blockstream and current CEO at Jan3, a firm assisting nation-states with Bitcoin adoption, recently shared his insights on the latest Bitcoin [BTC] milestone. 

Taking to X (formerly Twitter), Mow discussed the cryptocurrency’s new all-time high and proposed potential future targets for the world’s premier digital currency. 

Mow noted

“You can still buy Bitcoin for less than $0.08M.”

Mow hints that the opportunity to buy BTC at $0.08 million is going to end pretty soon.

Bitcoin continues to attract attention 

The optimistic remarks injected hope into the cryptocurrency community, hinting that Bitcoin’s surge could lead to historic price highs, exemplified by its recent milestone of $71,000 and a new all-time high of $71,830.

This surge propelled Bitcoin’s market capitalization to a remarkable $1.41 trillion. 

Highlighting the same, Michael Saylor, MicroStrategy Founder and Chairman, noted

“Interest in Bitcoin is hitting an All-Time High everywhere in the World.” 

Additionally, Saylor recently voiced his interest in Bitcoin and remarked

“MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per #bitcoin.”

Adding to the buzz, entrepreneur and investor Robert Kiyosaki sent shockwaves through the financial world with a tweet on 12th March, warning of an imminent burst of what he dubs “the biggest bubble in history.” 

He added,

“Stock market set to crash. Time to get real is now. Buy real assets: gold, silver, Bitcoin before the biggest bubble in history goes bust.”

This highlighted Kiyosaki’s prediction of a harsh impact from this impending collapse, alongside a projected downturn in the U.S. stock market.

Bitcoin’s heyday isn’t done yet 

Mow envisions BTC’s eventual rise to $1 million per coin. He noted,

“$1.0M Bitcoin was already decided when the ETFs were approved. We’re just coasting along now.”

He gives two reasons for the assumption. Firstly, the surge in demand for Bitcoin, spurred by the U.S. government’s extensive money printing efforts in response to the pandemic since 2020. 

Secondly, the forthcoming fourth BTC halving, which will reduce miners’ rewards and potentially trigger a supply shock. 

Thus, with demand escalating, particularly following the SEC’s approval of spot Bitcoin ETFs in January, financial institutions are actively accumulating Bitcoin, paving the way for further price appreciation in the future.

 

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Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.
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