Bitcoin Maximalist Samson Mow Doubles Down on His $1 Million BTC Forecast, Says It May Happen within a Year

Samson Mow, a Bitcoin maximalist and the boss of the Bitcoin-focused company Jan3, has taken to his account on the X social media platform

Bitcoin maximalist and Jan3 boss Samson Mow has taken to his X account to break an ultra-bullish BTC price forecast to the global crypto community.

Mow doubled down on his $1 million Bitcoin forecast, which he gave earlier this year.

"Bitcoin going to $1 million," Mow says, Here's when it may happen

Samson Mow tweeted on Friday that “Bitcoin is going to $1 million,” adding that he is “not uncertain.” In the comments thread, the cryptocurrency influencer shared that he believes it is likely to happen within one year.

#Bitcoin is going to $1.0M. I am not uncertain.

Moreover, Mow commented on the mammoth-sized Bitcoin transactions made by Mt. Gox crypto exchange today. The platform started moving Bitcoin and Bitcoin Cash in order for payouts to the creditors to start. Mt Gox transacted almost $6 billion in BTC today, causing a substantial BTC price decline.

Bitcoin is unlikely to ever again drop below $60,000, Samson Mow tweeted earlier this week. The flagship cryptocurrency has recently started to recover after the recent sell-off initiated by the German government, as it sold 50,000 BTC in multiple transactions to such crypto exchanges as Coinbase, Kraken and Bitstamp.

Mow's comment on Mt. Gox's large Bitcoin movements

Chinese cryptocurrency journalist Colin Wu spread the word that the Kraken exchange has received Bitcoin and Bitcoin Cash funds for creditors. The platform will take one or two weeks to start distributing that crypto.

Samson Mow does not believe the Mt. Gox payouts will have any significant impact on the Bitcoin price. He expects only 20% of that Bitcoin to hit the market. As for the remaining 80%, the Jan3 boss believes it will either be moved to cold storage wallets or will be locked in finance apps as users are likely to make some borrowings against this Bitcoin.

But Mow is certain that 100% of the Bitcoin Cash returned to the creditors by Mt. Gox will be sold by the recipients.

Only ~20% of distributed Gox #BTC will hit the market. ~80% will just move to cold storage or be borrowed against. However, 100% of distributed #Bcash will hit the market.

Bitcoin plunged by roughly 3.7% earlier today, falling back to the $62,500 zone. This decline was followed by a small recovery. As of this writing, Bitcoin is changing hands at $63,815.

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