Posted 1/14/2024, 2:28:00 PM
Mow Predicts Bitcoin to Hit $1 Million Soon on Rising Adoption and Halving Supply Squeeze
- Samson Mow predicts Bitcoin will hit $1 million in days/weeks, but the exact date is unspecified
- Prediction based on recent Bitcoin ETF approvals and increasing institutional adoption
- Short-term price declines are due to GBTC sell pressure and tax-related hesitancy
- Mow advises focusing on raw Bitcoin demand instead of short-term market inefficiencies
- With the Bitcoin halving approaching, Mow sees a supply/demand imbalance driving prices up