Bitcoin (BTC) Will Rise to $1 Million Within a Year, Samson Mow Reaffirms

Bitcoin developer Samson Mow has for a while now continued to assert that BTC is going to reach $1 million. He has again reaffirmed his bullish stance

Bitcoin maximalist Samson Mow has doubled down on his bullish BTC price prediction, asserting that the flagship cryptocurrency will reach an astronomical $1 million within the next year. Despite concerns over Mt. Gox’s upcoming Bitcoin repayment, Mow remains optimistic, predicting that only 20% of the exchange’s BTC will actually hit the market.

Bitcoin to $1 Million Soon?

Bitcoin developer Samson Mow has once again reiterated his bullish stance on BTC, boldly predicting that the flagship cryptocurrency will reach a mind-boggling price of $1 million within the next year. Despite the recent market downturn and concerns over Mt. Gox’s upcoming Bitcoin repayment, Mow is doubling down on his bullish conviction.

In a recent tweet, Mow addressed the burning question on every crypto enthusiast’s mind: when exactly will Bitcoin begin its much-anticipated bull run? According to the Bitcoin maximalist, the bull run has already commenced when BTC was trading at $100,000. He further dismissed the recent market downtrend as merely the “unwinding of the fakery to make retail think Bitcoin is over.”

Interestingly, PlanB, the renowned crypto analyst who accurately predicted Bitcoin’s bull run last year, also shares a similar bullish outlook. According to PlanB, BTC could hit $1 million by next year, thanks to the favorable stock-to-flow (STF) ratio. Notably, PlanB recently adjusted his bullish BTC price prediction for this year to $100,000, down from his earlier prediction of $250,000.

However, other crypto analysts have provided more conservative price targets for Bitcoin in this bull run. For instance, Mikybull Crypto believes that BTC could hit optimal targets of between $138,000 and $150,000 in this bull run. Meanwhile, Cryptorphic predicts that Bitcoin could reach as high as $156,000 by next year.

Elsewhere, Skybridge Capital CEO Anthony Scaramucci is expecting Bitcoin to rise higher and reach $170,000 sometime in 2025. On the other hand, Cryptoquant’s CEO Ki Young Ju has boldly predicted that BTC could reach $265,000 in this market cycle, based on the favorable Hashrate/Market Cap ratio.

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