Samson Mow Predicts Bitcoin Will Reach $1 Million by 2025 Despite Recent Market Downturn

Samson Mow, permanent $1 million Bitcoin advocate and chief executive officer at a BTC adoption-focused company Jan3, has made another bullish BTC statement.

Samson Mow, a permanent $1 million Bitcoin advocate and CEO of a BTC adoption-focused company Jan3, has shared his new BTC price prediction. According to Mow, the world’s flagship cryptocurrency is set to finally reach $1.0M within the year 2025.

"You may doubt #Bitcoin will reach $1.0M within the next year, but you’ll see."

Samson Mow and his earlier $1 million BTC predictions

Samson Mow is best known for his bullish long-term Bitcoin price predictions, spreading the word about the coming $1 million per BTC, which will be fueled by “Omega candles” (or, at the very least, “Godzilla candles”). He pins his hopes on the approval of spot Bitcoin ETFs in January and the fourth Bitcoin halving, which took place in late April.

After ETFs received the green light from the American Securities and Exchange Commission (the SEC), they proceeded to buy up massive amounts of BTC. Every day except weekends, they scooped up millions in BTC to back their exchange-traded products.

The only ETF that was losing Bitcoin each day due to withdrawals was Grayscale’s GBTC, which allowed BlackRock’s IBIT to finally surpass GBTC in terms of the size of Bitcoin holdings. According to Mow, the spot ETFs will create a Bitcoin demand shock.

Once the halving occurred and the block size was reduced from 6.25 to 3.125 BTC, the Jan3 head tweeted that a Bitcoin supply shock had taken place. According to his predictions, the world’s flagship cryptocurrency will reach $1 million (and continue to rise later on) once the demand shock meets the supply shock.

Bitcoin market performance

In the past 24 hours, the world’s largest digital currency by market capitalization value has seen a steep decline, losing the $64,000 and $63,000 levels.

Since Sunday, Bitcoin price has gone down by 3.32%, dropping from the $64,345 level to reach $62,190, where it is trading at the moment.

As reported by U.Today earlier, Bitcoin miners are continuing to sell as much BTC as they can, with selling pressure on Bitcoin from miners remaining at a high level, serving as one of the key triggers that have been pushing the BTC price down recently. Miners are selling their BTC to cover mining expenses and lock in their profits.

News source：https://www.kdj.com/cryptocurrencies-news/articles/samson-mow-predicts-bitcoin-reach-market-downturn.html

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