Dollar

Dollars

Bitcoin

Million

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/samson-mow-predicts-bitcoin-will-reach-1-million-dollars/" data-wpel-link="internal">Samson Mow Predicts Bitcoin Will Reach 1 Million Dollars</a> 
Famous <a href="https://en.coin-turk.com/spain-regulates-blockchain-and-cryptocurrencies/" data-wpel-link="internal">Bitcoin</a> advocate and JAN3 CEO Samson Mow delivered an important message to the global cryptocurrency world, reiterating his prediction that the largest cryptocurrency will reach 1 million dollars. Mow highlighted several key triggers that could help the world’s largest cryptocurrency achieve this significant price jump. 
<h2 style="text-align: justify" id="strong-reiterated-1-million-dollar-prediction-for-bitcoin-strong">Reiterated 1 Million Dollar Prediction for Bitcoin</h2> 
Mow claimed that the likelihood of Bitcoin reaching 1 million dollars within the next year is now higher. Although Mow could not provide a definitive answer to what it would take for Bitcoin to start trading as a true risk-averse asset, he listed several factors that could help achieve this. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-377085" src="https://coin-turk.com/wp-content/uploads/2024/08/Bitcoin-3.png" alt="" width="555" height="276"> 
The JAN3 CEO suggested that <a href="https://newslinker.co/category/mobile/apple/" target="_blank" rel="noopener" data-wpel-link="exclude">Apple</a> might shift its free cash to Bitcoin and that Berkshire Hathaway could also take this step. He noted that Berkshire Hathaway’s founder and legendary investor Warren Buffett has been a long-term critic of Bitcoin, calling it “rat poison squared.” Therefore, it seems less likely that Berkshire Hathaway will take such a step. 
Mow stated that there are generally many triggers, and any of them could ignite a massive green candle on the price chart, pushing Bitcoin to 1 million dollars. Overall, the potential triggers Mow pointed out seem to include the possibility of large companies investing in Bitcoin. 
<h2 style="text-align: justify" id="strong-cryptocurrency-market-shaken-by-recent-bitcoin-drop-strong">Cryptocurrency Market Shaken by Recent Bitcoin Drop</h2> 
In the last 24 hours, Bitcoin experienced a major price crash, falling below the 50,000-dollar level. The largest cryptocurrency dropped more than 18% in the last 24 hours, reaching as low as 48,800 dollars. Since then, the price quickly recovered, moving within the 51,000 to 52,000-dollar range. 
The sharp price drop began last Monday and intensified on Friday. Since then, Bitcoin has lost approximately 19.32% of its value, and from the first day of the new week, the loss has reached 25%. The underlying reason for this drop is Bitcoin’s failure to test and surpass the psychologically significant 70,000-dollar level. 
Mow believes that Bitcoin is currently being dragged down by the collapse in traditional markets but thinks this is a temporary situation. The author of the popular book “Rich Dad Poor Dad” and financial expert Robert Kiyosaki also commented on the Bitcoin crash, suggesting that it is a significant opportunity and advising <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> not to miss the chance to buy at the dip. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/samson-mow-predicts-bitcoin-will-reach-1-million-dollars/" data-wpel-link="internal">Samson Mow Predicts Bitcoin Will Reach 1 Million Dollars</a></h5>
The post <a href="https://en.coin-turk.com/samson-mow-predicts-bitcoin-will-reach-1-million-dollars/" data-wpel-link="internal">Samson Mow Predicts Bitcoin Will Reach 1 Million Dollars</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Samson Mow Predicts Bitcoin Will Reach 1 Million Dollars

Table of Contents

COINTURK NEWS

Other articles published on Aug 5, 2024

Solana (SOL) Poised For Major Upswing, Analyst Forecasts $328

Cryptocurrency Market Faces Significant Fluctuations

Will Bitcoin, Ethereum ETFs turn the crypto bloodbath around?

Pivot Partners with Skale Network to Initiate a 10 Million SKL Grants Program

Last Chance to Buy into 99Bitcoins Token Presale as Expert Predicts Rapid Growth

Hong Kong Police Arrest Four, Including 14-Year-Old, for Counterfeit Crypto Scam

Join our free newsletter for daily crypto updates!