From Investing.com:

Bitcoin advocate Samson Mow remains confident in the cryptocurrency’s long-term potential despite a 4.3% trading loss and fears of a potential price fall to $30,000. The price of Bitcoin is currently just above $39,000, but Mow maintains a bullish outlook.

Grayscale, a major cryptocurrency investment firm, saw significant outflows of over 14,000 BTC, while Fidelity reported inflows of more than 5,000 BTC in the ETF market on the same day.

Mow predicts a potential price target for Bitcoin at $1 million, emphasizing a strong belief in the cryptocurrency’s growth trajectory amidst market fluctuations, although no specific timeframe is provided.

The contrasting ETF activities of Grayscale and Fidelity highlight the varying strategies and adjustments among investors in the cryptocurrency space, reflecting the dynamic nature of the market.



Read more: Bitcoin advocate Samson Mow dismisses $30,000 price drop fears By Investing.com