Posted 3/14/2024, 7:05:13 AM
Bitcoin Price Could Soon Surge to $1 Million, Predicts Crypto Expert
- Bitcoin could reach $1 million per coin very soon, predicts Bitcoin veteran Samson Mow
- Current market conditions of high demand and decreasing supply are perfect for a Bitcoin price surge
- Upcoming Bitcoin halving event and new spot BTC ETFs will further constrain supply
- Once Bitcoin market cap passes gold's, it will start to "demonetize" and eat into gold
- As Bitcoin becomes more valuable due to the Veblen effect, demand rises further fueling price appreciation
