Samson Mow, a vocal advocate for a seven-figure Bitcoin price, fired an analyst for predicting a $60,000 Bitcoin value. Mow believes Bitcoin has hit its cyclical bottom and could reach $1 million, despite current volatility. He dismisses bearish forecasts as arbitrary and unfounded. Mow’s comments sparked heated debate online.

Mow claims Bitcoin has likely hit its cyclical bottom and could surprise by reaching $110,000 by 2026. He argues that current prices barely outperform inflation and dismisses predictions of further declines. Mow believes bearish price targets lack analytical justification and that Bitcoin is trading at a discount.

Despite the polarizing reactions, some support Mow’s bold stance on Bitcoin’s future. Mow has been consistent in his prediction of a $1 million Bitcoin price, citing historical trends and rapid market movements. While his views are debated, Mow’s belief in a rapid rise to $1 million remains steadfast, despite differing opinions in the market.

Bitcoin continues to face volatility, with analysts disagreeing on whether it has reached its cycle low. Critics like Peter Schiff dismiss claims of a market bottom forming, predicting further declines. Bloomberg analyst Mike McGlone even suggested Bitcoin could fall as low as $10,000. The debate on Bitcoin’s price trajectory remains contentious in the crypto community.

Read more at Yahoo Finance: Bitcoin’s $1M Price Advocate ‘Fires’ Analyst Who Predicted $60,000, Claims Bearish Targets Not Real Despite Price Drop