From Investing.com: 2024-06-11 08:00:25

Maximalist and Jan3 CEO Samson Mow stirred controversy with a BTC-themed post on his X platform account. Mow revisited the post with a bullish Bitcoin price prediction. He shared a diagram illustrating the limited supply of BTC in relation to available capital. Mow predicts Bitcoin will eventually hit $1 million per coin.

Despite increased adoption, Bitcoin saw a 4% drop, falling from $70,000 to $67,453. Mow expressed surprise at the decline. Bitcoin fans debated the accuracy of Mow’s diagram, with many pointing out discrepancies in the size of triangles representing capital and BTC. Mow defended his position, emphasizing the significance of available capital expanding beyond the diagram’s boundaries.

Read more at Investing.com: Samson Mow Makes Crucial Bitcoin (BTC) Statement: Details By U.Today