tl;dr
Bitcoin has surged to nearly $63,000, marking a 7.5% increase over the weekend. Samson Mow, a prominent Bitcoin advocate, predicts that Bitcoin will never drop below $60,000 again, doubling down on his ultra-bullish forecast. The rise in Bitcoin's price is attributed to factors such as a positive CP...
Bitcoin has surged to nearly $63,000, marking a 7.5% increase over the weekend. Samson Mow, a prominent Bitcoin advocate, predicts that Bitcoin will never drop below $60,000 again, doubling down on his ultra-bullish forecast. The rise in Bitcoin's price is attributed to factors such as a positive CPI report, the end of a Bitcoin sale by the German government, and events in the U.S. The prediction is based on the recent BTC halving and ongoing Bitcoin purchasing campaigns. Mow also anticipates Bitcoin to eventually surpass the $1 million price mark.
Samson Mow, a renowned Bitcoin proponent and chief executive at BTC adoption-focused company Jan3, has published a tweet to remind the global cryptocurrency community about his recent mega-bullish Bitcoin prediction. Mow now expects BTC to never drop below the $60,000 level ever again.
Over the weekend, the world’s flagship cryptocurrency Bitcoin has printed an impressive rise of almost 7.5%, soaring from the $58,580 area to the $62,900 zone, where BTC is changing hands at the time of writing. The fuel for this abrupt price increase was likely provided by a number of factors, including the better-than-expected CPI report and the end of the recent Bitcoin sale imposed on the market by the German government.
On Saturday, Bitcoin maximalist Samson Mow tweeted that he does not expect Bitcoin to plunge below the $60,000 level ever again. Today, he doubled down on his prediction. Mow’s ultra-bullish Bitcoin forecast is based on the fact that in April this year, the fourth BTC halving took place, slashing the block reward from 6.25 to 3.135 BTC and the immense Bitcoin purchasing campaign initiated by spot Bitcoin ETFs that has been going since January, when the SEC granted them the green light for trading.
Ultimately, Samson Mow believes, Bitcoin will be able to reach the whopping $1 million price threshold and surpass it. In tweets published earlier this year, Mow shared his expectations to see Bitcoin soaring to $1 million - if not next year, then “very soon,” at any rate. On Saturday, Mow tweeted that in October, he, in collaboration with the German MP from the Bundestag, Joana Cotar, and Twitter handle @BTCimBundestag, intends to present a plan for Germany to reacquire at least the 50,000 the German government sold as part of “a proper nation-state Bitcoin adoption strategy.”
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