From Investing.com

July 12, 2024 12:00:23 PM:

Samson Mow remains bullish on Bitcoin despite recent price fluctuations, citing growing adoption and fiat devaluation as key growth drivers that many overlook. The sell-off from Germany and Mt. Gox’s Bitcoin redistribution pushed BTC to a low of $53,717.38, but Mow believes the impact is being counterbalanced by Bitcoin ETF accumulation, projecting a $1 million price mark.

Bitcoin’s legacy extends beyond value transfer, with Wall Street firms aligning with the coin through spot Bitcoin ETFs. MicroStrategy’s consistent BTC accumulation has boosted its share price, highlighted by a recent 10-for-1 stock split. This demonstrates how Bitcoin has fueled the company’s growth since 2020.

Read more at Investing.com: Samson Mow Shares Epic Take as Bitcoin Holds $57,000, ‘Everything is Accelerating’ By U.Today