Samson Mow, CEO of JAN3 and a known Bitcoin maxi, recently shared his perspective on the cryptocurrency's price trajectory.
Mow, who has been actively involved in promoting Bitcoin adoption among nation-states, said the ongoing “Bitcoin sell-off” will end once the cryptocurrency’s price reaches $100,000.
He stressed that any price below that threshold represents a buying opportunity. Furthermore, Mow is convinced that Bitcoin will eventually surpass the $1 million mark, a milestone he believes can be reached within a year from this summer.
He stressed that the people most likely to invest in Bitcoin as a secure asset include those who understand money, those living in countries plagued by inflation and despotic regimes, and investors with a long-term investment perspective.
His statements reflect a broader belief among Bitcoin enthusiasts that the cryptocurrency will continue to appreciate significantly due to its scarcity, decentralized nature, and growing global acceptance.
Crypto analyst Ali Martinez has indicated that an altseason may be imminent, a phase where alternative cryptocurrencies outperform Bitcoin.
BlackRock CEO Larry Fink has expressed strong support for Bitcoin, affirming its legitimacy as a financial asset during a recent interview with CNBC.
The U.S. Securities and Exchange Commission (SEC) has authorized BlackRock to offer options trading on spot Bitcoin ETFs, marking a key milestone in expanding crypto investment products.
Crypto trader Michaël van de Poppe suggested that the Federal Reserve’s recent decision to cut interest rates by 50 basis points could positively influence the crypto market.