Samson Mou predicts growth of bitcoin cryptocurrency to $ 10 million

A well-known industry figure, entrepreneur, and bitcoin advocate, Samson Mow, predicted bitcoin’s explosive growth, predicting that the cryptocurrency could someday reach $ 10 million. This prediction came during a period of calm: since mid-May, the BTC price has stabilized at $ 70,000 and has been trading in a sideways trend.

The lack of significant price movement has disappointed traders and investors, leading to speculation about market manipulation. Investors, according to Mou, are unloading their stocks, and once their limited supply is exhausted, the market may start growing again.

The analyst noted that the data confirms the existence of an underlying trade where the collateral is BTC rather than a bitcoin ETF, and emphasized that buying activity is still taking place through CME futures, which indicates latent demand.

Moue supported the analysis of British businessman Adam Beck, noting the rise in short interest from newer, less experienced traders who misinterpret trading for cash. He argues that the significant activity in short positions on futures is unsustainable, and those involved may soon face massive liquidation, which will lead to a rise in the price of bitcoin.

As the CEO of JAN3, a company dedicated to accelerating bitcoin adoption through infrastructure and financial services development, Mou constantly shares positive predictions about its future. He bases his forecasts on the current dynamics of bitcoin supply and demand, emphasizing that the demand for the cryptocurrency far exceeds its available supply.