Samson Mow, a prominent Bitcoin supporter and CEO of JAN3, shared his perspective on the future of the cryptocurrency market, urging altcoin holders to switch to Bitcoin. He also stated that Bitcoin has the potential to reach $1 million.
Samson Mow's Stance
Samson Mow expressed his concerns about the current situation with altcoins such as Ethereum and strongly recommended investors to sell their current assets and purchase Bitcoin. Mow noted that the events unfolding with Ethereum could repeat with other altcoins in the future.
Ethereum Discussion
This week, Ethereum, the second-largest cryptocurrency by market capitalization, has underperformed Bitcoin, a fact also pointed out by Dogecoin co-founder Billy Markus. However, analyst Ali Martinez believes that Ethereum is about to outperform Bitcoin, predicting its rise to $4,000 and $6,000, with a possible further increase to $10,000 per coin.
Bitcoin Supply Shock Prediction
Samson Mow reminded the public of his forecast regarding the upcoming Bitcoin supply shock. He stated that amid the recent Bitcoin peak at $94,000, the new supply reduction caused by halving, combined with increased demand through ETFs, could lift Bitcoin to $1 million. According to Mow, many people do not understand what a supply shock is, but they are about to find out.
Samson Mow continues to stand by his forecast, urging investors to focus on Bitcoin as the cryptocurrency with the greatest potential in the long term.
