Samson Mow predicts Bitcoin will reach $1 million, disagrees with bearish $100,000 estimate

From Investing.com

September 12, 2024 2:30:19 pm:

Samson Mow responds to CNBC report predicting Bitcoin could reach six figures, calling it a bearish estimate. Mow believes Bitcoin will hit $1 million. Current price stands at $57,500, all-time high near $74,000. With market cap of $1.14 trillion, Bitcoin is the world’s eighth largest company, higher than Berkshire Hathaway.

Projected $100,000 Bitcoin valuation would place market cap at $2 trillion, surpassing Amazon. If it hits $1 million, Bitcoin’s market cap would be six times larger than Apple’s, surpassing even gold. Is this goal realistic? Mow says yes, while skeptics like Peter Schiff disagree. Time will reveal the truth.

Read more at Investing.com: ‘$1 Million Bitcoin’ Samson Mow Names Bearish Estimate for BTC Price By U.Today