Samson Mow Predicts Bitcoin Price Surge to $1 Million
Bitcoin maximalist Samson Mow has made an ultra-bullish statement regarding the price movement of Bitcoin. Ahead of the SEC’s decision on the approval of a spot Bitcoin ETF, Mow expressed his belief that Bitcoin may reach $1 million. He explained that such a sudden price surge would be “max pain” for most market participants, as it could derail the plans of many companies in the crypto space. Mow mentioned figures such as analyst Plan B with his stock-to-flow model, MicroStrategy‘s goal to accumulate 1% of the Bitcoin supply, and El Salvador’s plans to issue Bitcoin bonds and buy more BTC. Mow’s statement reflects the anticipation and excitement within the crypto community for the potential approval of a Bitcoin ETF.
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