Samson Mow’s Incredible Bitcoin Prediction Surprises the Community!

  • There is currently deep interest in the price of Bitcoin (BTC) following the approval and launch of the spot Bitcoin Exchange Traded Fund (ETF).
  • Samson Mow sparked a discussion when he declared that the Max Pain Theory is still in play for Bitcoin.
  • Mow is optimistic that there will be a significant flow of funds into Bitcoin, leveraging the large capital base of major market participants like BlackRock Inc., Fidelity Investments, and VanEck.

Jan3’s founder, Samson Mow, attracts attention with his latest prediction regarding the Bitcoin price: How many dollars will BTC go to?

Market Expert Samson Mow’s Bitcoin Prediction

Bitcoin-BTC

There is currently deep interest in the price of Bitcoin (BTC) following the approval and launch of the spot Bitcoin Exchange Traded Fund (ETF). With expectations that the spot Bitcoin ETF will benefit the digital currency, market expert and founder of the investment firm Jan3, Samson Mow, is drawing attention with his recent prediction for Bitcoin’s price. In alignment with his previous bullish call for BTC, the highest-valued cryptocurrency, Mow predicts that the price will reach $1 million within days or weeks.

Samson Mow sparked a discussion when he declared that the Max Pain Theory is still in play for Bitcoin. According to the definition by Upstox, the Max Pain Theory “indicates that on the day of expiration, the underlying index/stock price moves towards a point that inflicts the maximum loss (pain) to the maximum number of option buyers. Alternatively, it also means the minimum loss to option sellers.”

Here, holders of high-value Bitcoin force sales until the asset becomes profitable. The emergence of the spot Bitcoin ETF last week served as a “sell the news” moment, as withdrawals from the Grayscale Bitcoin Trust (GBTC) shares brought the asset’s price down to $42,460.16 last week.

Samson Mow is optimistic about the realization of a $1 million Bitcoin (BTC) price but believes the starting point will be determined later. While the price of Bitcoin dropped by 0.50% to $42,690 in the last 24 hours, the market cap decreased to $838,531,752,412.

Spot Bitcoin ETF Catalyst

Samson Mow, a significant advocate for Bitcoin, is currently optimistic about the potential of the spot ETF product traded in the U.S. markets, banking on the large capital base of major market participants. Mow is optimistic that there will be a significant flow of funds into Bitcoin, leveraging the large capital base of major market participants like BlackRock Inc., Fidelity Investments, and VanEck.

The spot Bitcoin ETF product had a good start upon its trading debut, fueling hopes that it will trigger more mainstream adoption in the medium to long term, validating price predictions by Samson Mow and others.

BREAKING NEWS

Bitcoin Dormant Wallet Reawakens After 14 Years with 4,000 BTC Worth $442 Million

COINOTAG News reported on October 24, citing Whale Alert,...

A dormant address containing 4,000 BTC (442,256,951 USD) has just been activated after 14.3 years (worth 67,724 USD in 2011)!

A dormant address containing 4,000 BTC (442,256,951 USD) has...

KALSHI INC . RAISES $294.5M OFFERING $390M : FORM D – BBG

KALSHI INC . RAISES $294.5M OFFERING $390M : FORM...

Binance CEO Richard Teng Praises CZ’s Pardon and Charts Global Drive to Make Cryptocurrency More Accessible

COINOTAG News relays a public note from Binance CEO...

Trump Pardons CZ: A Turning Point for Binance and a Shift in U.S. Cryptocurrency Regulation

Recent U.S. policy discourse, reported on October 24, centers...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img