Bitcoin (BTCUSD)

[ap17]

WHY BITCOIN HITS $1 MILLION IN 2024 🙊
We’re going to see a $1 million Bitcoin.

This year. 🤯

That’s the prediction out from Samson Mow.

smow1
Samson Mow is a renowned Bitcoiner, entrepreneur & investor.

He’s the CEO of JAN3, a Bitcoin focussed company aiming to speed up hyperbitcoinization.

In his latest interview, Samson broke down why he thinks we’ll see Bitcoin hit $1 million per coin.

By the end of 2024.

“I think we’re going to see a million this year… 2024.”


Samson Mow
Samson believes Bitcoin's price has been suppressed for years. It should’ve already hit $100,000.

“I think the Bitcoin price has been suppressed for a very long time. We should’ve hit $100k a few years ago. But if you look at the amount of fraud that was perpetrated by FTX and other companies - that’s what stole $100k from Bitcoin in 2021.”


Samson Mow
Samson argues the effects of FTX & other bad actors are still felt in the Bitcoin price today.

But - it’s coming to an end.

“It’s very clear, if you’re looking carefully, that there’s a massive amount of demand that’s increasing constantly from the ETFs. That will outpace any of the untangling of fraudulent activities.”


Samson Mow
Combine the increased demand of the Bitcoin ETFs with the supply reduction from the April halving?

A $1 million Bitcoin is no longer a pipe dream.

“Given all of that and given we’ve effectively almost reached the previous all-time highs pre-halving, I don’t see it being impossible that we see $1 million this year.”


Samson Mow
Our take?

A $1 million dollar Bitcoin by the end of this year is a touch too optimistic.

But - do we see prices significantly higher by the end of 2024?

Without a doubt. 💣