'Everything Trending to Zero Against Bitcoin,' '$1 Million BTC' Samson Mow Warns

Key Points

1. Samson Mow, a prominent Bitcoin advocate, asserts that 'everything is trending to zero against Bitcoin' and maintains his prediction of BTC reaching $1 million.

2. Bitcoin's price dropped to $119,300 despite lower-than-expected CPI data (2.7% vs. 2.8%), which could indicate potential Fed rate cuts later in the year.

3. Mow highlights the growing adoption of Bitcoin by nation-states and companies following Michael Saylor's accumulation strategy.

4. Max Keiser, another Bitcoin maximalist, shares similar bullish sentiments, reinforcing the long-term value proposition of BTC.

5. The article notes Bitcoin's recent price volatility, including a 5% weekend surge followed by a 2.42% decline.