Summary:
Samson Mow claims Bitcoin is artificially held under $100,000.
He predicts a recursive demand shock will drive BTC above $100,000 soon.
Mow expects Bitcoin could reach $1,000,000 within a year.
Max Keiser outlines five stages of Bitcoin mastery for investors.
Keiser believes that the U.S. will soon recognize Bitcoin as the best store of value.
Samson Mow, a prominent Bitcoin maximalist and CEO at JAN3, has stirred the cryptocurrency community with his latest $100,000 Bitcoin price reminder. In a recent tweet, he expressed his belief that the current price of Bitcoin is being artificially suppressed below this significant threshold. Mow stated, "Bitcoin under $0.1M is artificial. Enjoy it while you can."
The Path to $100,000
Mow emphasizes that for Bitcoin to surpass the $100,000 mark, it first needs to break its previous all-time high of $73,750, achieved in March. He predicts that this breakthrough will trigger a recursive demand shock, propelling Bitcoin to new heights.
In a bold forecast, Mow also mentioned that he expects Bitcoin could potentially reach $1,000,000 within the next year. Even if this milestone takes longer to achieve, he believes it is not far off in the future.
Max Keiser's Insights on Bitcoin Mastery
In related news, Max Keiser, a well-known Bitcoin advocate and advisor to El Salvador's President Nayib Bukele, shared his thoughts on the five stages of Bitcoin mastery. These stages outline how investors' attitudes towards Bitcoin evolve:
- Awareness: "I just heard about BTC, I can fix it."
- Admiration: Growing interest, though still favoring altcoins.
- Adoption: Using Bitcoin for payments.
- Recognition: Acknowledging Bitcoin as a new asset class.
- Acceptance: Understanding that "everything is going to zero against Bitcoin."
Keiser noted that these stages apply not just to individual investors but also to nations, with El Salvador currently in the third stage. He anticipates that the U.S. will soon recognize Bitcoin as the best store of value ever, progressing to the fourth stage.
Stay tuned for more insights on Bitcoin's journey to the $100,000 milestone!
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