From Investing.com:

Samson Mow, CEO of Jan3, projects a $1 million price mark for Bitcoin (BTC) and justifies it with the supply and demand thesis for the spot Bitcoin ETF product. He highlights the significant daily accumulations by companies like MicroStrategy (14,000-16,000 BTC) and ETF issuers BlackRock and Fidelity (4,700-4,200 BTC), which leads to a supply crunch.

Additionally, Mow points out that the Bitcoin halving event will further contribute to the supply shock, increasing the demand for BTC 20x the supply, supporting his $1 million price forecast. He advises money managers to plan accordingly.



Read more: Samson Mow Justifies Bitcoin (BTC) Price With $1 Million Gameplan By U.Today