Samson Mow Anticipates Bitcoin (BTC) Surpassing $1 Million in the Coming Days and Weeks

Bitcoin (BTC) is envisioned to reach the $1 million mark in the upcoming days or week, according to Samson.

The current focus is intensely on the Bitcoin (BTC) price, triggered by the approval and introduction of a spot Exchange Traded Fund (ETF) that tracks the cryptocurrency.

Predictions for Bitcoin (BTC) Price
Anticipating a boost for digital currency from the introduction of a spot Bitcoin ETF, market expert Samson Mow, founder of Jan3 investment firm, envisions Bitcoin’s price hitting $1 million in the coming days or weeks.

Mow stirred discussion on his X account by asserting that the Max Pain Theory remains applicable for BTC, suggesting a strategic move by high-value holders to make the asset more attractive for purchase.

Despite a recent sell-off prompted by the emergence of the spot Bitcoin ETF, Mow remains optimistic about the eventual realization of the $1 million BTC price, with the starting point yet to be determined.

The current BTC price stands at $42,788.46, reflecting a 3.24% decrease in the last 24 hours. Concurrently, its market capitalization has declined to $838,531,752,412.
Spot Bitcoin ETF: A Catalyst in Action
As a prominent BTC proponent, Samson Mow holds a positive outlook on the asset’s price, fueled by the potential of the newly introduced spot ETF now actively traded in US markets.

Mow anticipates a substantial influx of funds into Bitcoin, leveraging the significant capital presence of key market players such as BlackRock Inc., Fidelity Investments, and VanEck, among others.

The successful launch and initial performance of the spot Bitcoin ETF fuel optimism, suggesting potential for increased mainstream adoption in the medium to long term, thereby supporting the price predictions made by Samson Mow and others.

To have the best trading experience with us, open an account at Longhorn