Samson Mow predicts Bitcoin will reach $1 million per coin within a year

From Investing.com

July 29th, 2024 11:30 AM:

Samson Mow suggests transferring 1,000,000 BTC, 5% of the circulating supply, from U.S. Federal Reserve banks’ reserves to Bitcoin over 5 years at Bitcoin 2024 conference. Paul Vigna questions the benefits of converting treasuries to Bitcoin, calling former “safest asset” and latter “most volatile.” Mow believes Bitcoin will redefine safe assets in coming months, predicts $1 million per coin by next year.

Mow reiterates bullish Bitcoin prediction, expects surge to $1 million per coin within a year. After recent 3.7% gain, Bitcoin inches closer to $70,000, trading at $69,500. Price has risen by 8.57% since last Thursday, with large hourly green candle pushing up 1.45%. Mow hints at more bullish news in coming days.

Read more at Investing.com: Samson Mow Teases Crucial Bitcoin Argument to Be Resolved Within Coming Months By U.Today