LATEST: Bitcoin to Hit $1 Million Next Year, Says Samson Mow

Samson Mow, CEO of the Bitcoin-centric company Jan3, has forecasted a staggering rise in Bitcoin’s value to $1 million by 2025. His optimism stems from the recent regulatory approval of spot Bitcoin ETFs and the cryptocurrency’s latest halving event, which has cut the block reward to 3.125 BTC. According to Mow, these developments will trigger a significant demand shock in the market.

Mow’s confidence is backed by consistent bullish predictions and the actual performance of ETFs in accumulating vast amounts of Bitcoin daily, igniting widespread interest. Notably, BlackRock’s IBIT has overtaken Grayscale’s GBTC as the largest Bitcoin holder, underscoring the increasing institutional confidence in Bitcoin.

As Bitcoin navigates through regulatory milestones and supply constraints, Mow’s vision of a dual shock—both supply and demand—suggests a revolutionary price trajectory for the world’s leading cryptocurrency, reinforcing the potential for unprecedented growth in the near future.

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