Samson Mow’s Bullish Outlook on Bitcoin Amid Recent Market Fluctuations
Main Idea
Samson Mow is bullish on Bitcoin, predicting it will reach $1 million per coin due to its capped supply and increasing scarcity, despite recent market fluctuations.
Key Points
1. Bitcoin has a capped supply of 21 million coins, with over 19 million already mined, enhancing its scarcity and perceived value.
2. Samson Mow believes Bitcoin's value will inevitably rise to $1 million per coin as all assets trend towards zero against Bitcoin.
3. Despite positive economic indicators like low CPI data, Bitcoin's price dropped from over $122,000 to under $120,000, highlighting market volatility.
4. The rise of spot ETFs has led to increased accumulation of Bitcoin by companies, further driving its value.
5. Bitcoin's current price is approximately $119,300, following a recent decline.
Description
Bitcoin is a decentralized cryptocurrency with a capped supply of 21 million coins. Samson Mow believes it will inevitably reach $1 million per coin, as all assets trend towards zero
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