Samson Mow confirmed his prediction on social media X, writing that the first cryptocurrency will exceed $1 million within a year. He added that he is as confident in his prediction as he was in March 2024, when he “predicted” the inevitable collapse of altcoins.
#Bitcoin is going to $1.0M.
I am not uncertain.
— Samson Mow (@Excellion) July 16, 2024
Mow also commented on the large crypto asset transfers made by the defunct crypto exchange MtGox. As part of a plan to repay creditors, MtGox trustee Nobuaki Kobayashi sent $3 billion worth of Bitcoin to crypto exchanges. This caused the BTC price to fall below $63,000.
Jan3’s boss doubts that the amount of MtGox coins that will hit the market will exceed 20%. As for the remaining 80%, Mow believes they will be transferred to cold storage wallets or locked in financial apps, as lenders can borrow against bitcoin.
Earlier this year, ARK Invest CEO Catherine Wood also made a bold prediction about Bitcoin. She is confident that the largest cryptocurrency will be trading for $1.5 million by 2030.
Source: Bits
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