1684: “Here’s Why We’re Going to $1,000,000 Bitcoin in Days to Weeks”
Jun 28, 2024
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Samson Mow, Founder of Jan3, predicts $1,000,000 Bitcoin in days to weeks due to unexpected disruptive nature of Bitcoin, potential impact on existing plans. Discussion includes optimistic outlook on price performance, technical analysis, miners' selling pressure, on-chain trends, and factors driving Bitcoin to $1 million such as SEC approval of ETFs and fourth halving.
Bitcoin's potential to reach $1,000,000 per BTC in days to weeks due to unexpected disruptive nature and impact on planned strategies.
Increasing number of Bitcoin hodlers holding for over 13 months indicate rising ownership trends and shifting market landscape.
Deep dives
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Bitcoin Market Analysis and Future Predictions
The podcast delves into the current state of the crypto market, highlighting Bitcoin's price fluctuations, technical analysis, and expert predictions. On-chain analysts like Willy Woo and Samson Mao provide insights into potential price movements, signaling optimism in Bitcoin's future outlook despite market volatility. The discussion covers factors influencing Bitcoin's price, including market trends and indicators such as the TD sequential record and institutional interest.
Trends in Bitcoin Ownership and Wallet Activity
The episode focuses on the increasing number of Bitcoin hodlers, with over one million whole coiners holding Bitcoin for over 13 months. The discussion touches on the significance of rising Bitcoin ownership trends and the impact on the broader financial landscape. Additionally, the declining activity in Bitcoin wallets since 2010 signifies market consolidation and shifts in retail investor participation, with institutional capital driving recent price surges.
Jan3 Founder Samson Mow shares 10 reasons why Bitcoin will hit $1,000,000 per BTC in DAYS to WEEKS: “It’s MAX PAIN pain for the most people. Bitcoin has a way of doing what we least expect & in the most disruptive way. For example, at JAN3 we have many plans & meetings set for 2024. $1M BTC would derail everything.”