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**Bitcoin Enthusiast Samson Mow's Optimistic Price Predictions**

Apr 6, 2024

Bitcoin enthusiast and CEO of BTC-focused company Jan3, Samson Mow, has positive expectations for the future of Bitcoin. Mow believes that the price of Bitcoin will reach historic levels due to factors like the introduction of spot-based Bitcoin exchange-traded funds (ETFs) in the USA.

In a recent tweet, Mow discussed the behavior of investors in the recent market downturn, distinguishing between those who sold their BTC assets quickly ("weak hands") and those who are holding onto their investments despite market fluctuations ("diamond hands"). Mow emphasized the positive impact of long-term investors on Bitcoin's trajectory.

Mow also made an intriguing comparison between spot Bitcoin ETFs and Neo from "The Matrix," highlighting Bitcoin's potential to disrupt the traditional financial system. He did not provide explicit predictions but expressed confidence in Bitcoin's ability to challenge the existing financial order, possibly even replacing the US dollar.

In addition, Mow anticipates a "supply shock" that will drive Bitcoin's price to $1 million. He expects the upcoming 4th block reward halving, along with the introduction of Bitcoin ETFs, to create this supply shock and boost Bitcoin to unprecedented price levels.

Despite the overall optimism surrounding spot Bitcoin ETFs, Grayscale's GBTC has been experiencing significant outflows. Mow's predictions suggest a bright future for Bitcoin and its potential to revolutionize the financial industry.

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