'$1 Million BTC' Samson Mow: ‘There’s Not Enough Bitcoin For Everyone’

Key Points

1. Bitcoin surged 6.62% in less than 24 hours, hitting a new all-time high of $118,403 before a slight pullback to $117,850.

2. Samson Mow, CEO of JAN3, emphasized the rapid depletion of Bitcoin supply due to aggressive buying by ETFs, Bitcoin treasury companies, and other institutions.

3. Mow suggested that Bitcoin could still be purchased for less than $200,000 but warned that supply constraints may make it scarce for future buyers.

4. The price surge included an 'Omega candle' moment, where a single hourly candlestick drove Bitcoin's price up by 3.09%.

5. Mow and other Bitcoin influencers, like Michael Saylor, remain bullish, with projections of Bitcoin reaching $1 million in the near future.