Famous Bitcoin 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.
Reiterated 1 Million Dollar Prediction for Bitcoin
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.
The JAN3 CEO suggested that Apple 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.
Cryptocurrency Market Shaken by Recent Bitcoin Drop
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 investors not to miss the chance to buy at the dip.
