Samson Mou: Bitcoin will cost $ 1 million in 2025

Samson Mou, a well-known bitcoin adherent BTC $65,755.33 Bitcoin -0.33% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion and CEO of Jan3, has once again made an optimistic forecast about the value of the flagship cryptocurrency. He claims that BTC will reach $ 1 million in 2025.

Samson Mow is known for his long-term forecasts for bitcoin. His confidence is based on the approval of exchange-traded bitcoin ETFs in January and the fourth halving of the major cryptocurrency that took place in late April. After the ETFs were approved by the U.S. Securities and Exchange Commission (SEC), funds began accumulating large amounts of BTC. Mou believes that this will create a supply shortage. In turn, this will cause the price to rise.

Mou argues that spot ETFs will create a fierce demand for bitcoin. After the halving, when the block size decreased from 6.25 to 3.125 BTC, Mou claimed that there was a supply shortage of digital gold. According to his forecasts, when demand increases and supply decreases, bitcoin will reach a million dollars or even more.

According to the analytical tracker CoinMArketCap, at the time of writing, the main cryptocurrency is trading at $ 61,182 with a market capitalization of $ 1.2 trillion. Traders made daily trading deals worth $ 42.1 billion. BTC’s dominance in the market slipped to 53.4%. The Fear and Greed Index fell to a pessimistic 44 points.

As a reminder, Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor recently said that the value of bitcoin will reach $ 10 million per coin. The top manager believes that bitcoin serves society as a kind of corporate immortality machine.