Samson Mow, the former CSO at Blockstream and current CEO at Jan3, a company that helps nation states adopt Bitcoin, recently shared his insights on the latest Bitcoin [BTC] milestone.
Taking to X (formerly Twitter), Mow discussed the cryptocurrency’s new all-time high and suggested potential future targets for the world’s leading digital currency.
Mow noted,
“You can still buy Bitcoin for less than $0.08 million.”
Mow hints that the opportunity to buy BTC for $0.08 million will end quite soon.
Bitcoin continues to attract attention
The optimistic comments brought hope to the cryptocurrency community, indicating that Bitcoin’s rise could lead to historic price highs, exemplified by the recent milestone of $71,000 and a new all-time high of $71,830.
This increase pushed Bitcoin’s market capitalization to a remarkable $1.41 trillion.
Emphasize the same, Michael Saylornoted the founder and chairman of MicroStrategy
“Interest in Bitcoin is at an all-time high around the world.”
Additionally, Saylor recently expressed his interest in Bitcoin noticed,
“MicroStrategy acquired an additional 12,000 BTC for ~$821.7 million using proceeds from convertible notes and excess cash at ~$68,477 per #bitcoin.”
Which adds to the buzz, entrepreneur and investor Robert Kiyosaki sent shockwaves through the financial world on March 12 with a tweet warning of an impending burst of what he calls “the biggest bubble in history.”
He added,
“The stock market is on the verge of collapse. Now it’s time to get real. Buy real assets: gold, silver, Bitcoin before the biggest bubble in history bursts.”
This highlighted Kiyosaki’s prediction of a harsh impact from this impending collapse, in addition to an expected downturn in the US stock market.
Bitcoin’s heyday is not over yet
Mow predicts BTC’s eventual rise to $1 million per coin. He noted,
“$1.0 million Bitcoin had already been decided when the ETFs were approved. We are now just sailing on.”
He gives two reasons for this assumption. First, the surge in demand for Bitcoin, fueled by the US government’s extensive money printing efforts in response to the pandemic since 2020.
Second, the upcoming fourth BTC halving, which will reduce rewards for miners and potentially cause a supply shock.
With demand escalating, especially after the SEC’s approval of spot Bitcoin ETFs in January, financial institutions are actively accumulating Bitcoin, paving the way for further price increases in the future.