{"id":630208,"date":"2024-07-17T23:00:38","date_gmt":"2024-07-17T23:00:38","guid":{"rendered":"https:\/\/wncen.com\/?p=630208"},"modified":"2024-07-17T12:56:07","modified_gmt":"2024-07-17T12:56:07","slug":"bitcoin-btc-will-1-million","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-btc-will-1-million\/","title":{"rendered":"Bitcoin Developer Samson Mow Says BTC Will Rise To $1 Million, Here\u2019s When"},"content":{"rendered":"

Bitcoin developer Samson Mow<\/span><\/a> has for a while now continued to assert that BTC is going to reach $1 million. He has again reaffirmed <\/span>his bullish stance<\/span><\/a> and mentioned when exactly the flagship crypto will hit this unprecedented price target.\u00a0<\/span><\/p>\n

When Bitcoin Will Rise To $1 Million<\/h2>\n

Mow <\/span>mentioned<\/span><\/a> that he is still certain that Bitcoin will reach $1 million and added that the flagship crypto will reach this price target within a year. Mow had <\/span>previously explained<\/span><\/a> why he believes that BTC can reach such an ambitious price target. Back then, he alluded to the fact that Bitcoin\u2019s <\/span>demand was outpacing its supply<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts Multiple God Candles For XRP, How High Can It Go?<\/a><\/div>\n

He also <\/span>highlighted<\/span><\/a> the Bitcoin halving which he noted was going to bring about a supply shock for the crypto token. Based on these reasons, Mow expects BTC’s price to \u201creact accordingly\u201d as demand continues to outpace supply. The Bitcoin maximalist also mentioned the <\/span>Spot Bitcoin ETFs<\/span><\/a>, which have been accumulating a significant amount of the BTC\u00a0supply, as another factor that would contribute to BTC’s meteoric rise.\u00a0<\/span><\/p>\n

Mt. Gox\u2019s Bitcoin repayment<\/span><\/a> is an event that is believed could impact the crypto\u2019s price negatively since it could lead to more Bitcoin supply dumped on the market. However, Mow doesn\u2019t believe that is going to happen. He <\/span>mentioned<\/span><\/a> that only about 20% of the defunct crypto exchange\u2019s BTC will hit the market while the remaining 80% will be moved to cold storage or borrowed against.\u00a0<\/span><\/p>\n

Mow also had something to say about when exactly the <\/span>crypto bull run<\/span><\/a> will begin. He mentioned that the bull run starts when Bitcoin is at $100,000. He added that the recent market downtrend is just the \u201cunwinding of the fakery to make retail think Bitcoin is over.\u201d Based on <\/span>predictions<\/span><\/a> made by crypto analysts like PlanB, BTC could hit $100,000 this year.\u00a0<\/span><\/p>\n

Interestingly, PlanB also shares a similar sentiment to Mow that Bitcoin can hit $1 million by next year. He <\/span>claimed<\/span><\/a> that the crypto token could rise to this price level based on the stock-to-flow (STF) indicator.\u00a0<\/span><\/p>\n

More Conservative Price Targets For BTC<\/h2>\n

Other crypto analysts have given more conservative price targets for Bitcoin in <\/span>this bull run<\/span><\/a>, although a major consensus seems to be the fact that the flagship crypto will more than likely rise above $100,000. Crypto analyst Mikybull Crypto <\/span>once mentioned<\/span><\/a> between $138,000 and $150,000 as \u201coptimal targets for Bitcoin in this bull run.\u201d<\/span><\/p>\n

Related Reading: Analyst Says Solana Price Could Rise 450% To $840 \u2013 Here Are The Drivers<\/a><\/div>\n

Crypto analyst Cryptorphic <\/span>also mentioned<\/span><\/a> that BTC could rise to as high as $156,000 by next year, while Skybridge Capital CEO Anthony Scaramucci <\/span>expects<\/span><\/a> Bitcoin to rise higher and reach $170,000 sometime in 2025. <\/span>Cryptoquant\u2019s CEO Ki Young Ju<\/span><\/a> predicted that BTC could reach $265,000 in this market cycle based on the Hashrate\/Market Cap ratio, which he claimed supports such a parabolic rise.<\/span><\/p>\n

\"Bitcoin
BTC price rises to test $65,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

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 and mentioned when exactly the flagship crypto will hit this unprecedented price target.\u00a0 When Bitcoin Will Rise To $1 Million Mow mentioned that he is still certain that Bitcoin will reach $1 million and added that the flagship crypto will reach this price target within a year. Mow had previously explained why he believes that BTC can reach such an ambitious price target. Back then, he alluded to the fact that Bitcoin\u2019s demand was outpacing its supply.\u00a0 Related Reading: Crypto Analyst Predicts Multiple God Candles For XRP, How High Can It Go? He also highlighted the Bitcoin halving which he noted was going to bring about a supply shock for the crypto token. Based on these reasons, Mow expects BTC’s price to \u201creact accordingly\u201d as demand continues to outpace supply. The Bitcoin maximalist also mentioned the Spot Bitcoin ETFs, which have been accumulating a significant amount of the BTC\u00a0supply, as another factor that would contribute to BTC’s meteoric rise.\u00a0 Mt. Gox\u2019s Bitcoin repayment is an event that is believed could impact the crypto\u2019s price negatively since it could lead to more Bitcoin supply dumped on the market. However, Mow doesn\u2019t believe that is going to happen. He mentioned that only about 20% of the defunct crypto exchange\u2019s BTC will hit the market while the remaining 80% will be moved to cold storage or borrowed against.\u00a0 Mow also had something to say about when exactly the crypto bull run will begin. He mentioned that the bull run starts when Bitcoin is at $100,000. He added that the recent market downtrend is just the \u201cunwinding of the fakery to make retail think Bitcoin is over.\u201d Based on predictions made by crypto analysts like PlanB, BTC could hit $100,000 this year.\u00a0 Interestingly, PlanB also shares a similar sentiment to Mow that Bitcoin can hit $1 million by next year. He claimed that the crypto token could rise to this price level based on the stock-to-flow (STF) indicator.\u00a0 More Conservative Price Targets For BTC Other crypto analysts have given more conservative price targets for Bitcoin in this bull run, although a major consensus seems to be the fact that the flagship crypto will more than likely rise above $100,000. Crypto analyst Mikybull Crypto once mentioned between $138,000 and $150,000 as \u201coptimal targets for Bitcoin in this bull run.\u201d Related Reading: Analyst Says Solana Price Could Rise 450% To $840 \u2013 Here Are The Drivers Crypto analyst Cryptorphic also mentioned that BTC could rise to as high as $156,000 by next year, while Skybridge Capital CEO Anthony Scaramucci expects Bitcoin to rise higher and reach $170,000 sometime in 2025. Cryptoquant\u2019s CEO Ki Young Ju predicted that BTC could reach $265,000 in this market cycle based on the Hashrate\/Market Cap ratio, which he claimed supports such a parabolic rise. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":630217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,4693,656,679,1119,89185,1122,1144,78790],"class_list":["post-630208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-developer","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Developer Samson Mow Says BTC Will Rise To $1 Million, Here\u2019s When<\/title>\n<meta name=\"description\" content=\"Bitcoin developer Samson Mow has for a while now continued to assert that Bitcoin is going to reach $1 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Developer Samson Mow Says BTC Will Rise To $1 Million, Here\u2019s When","url":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-btc-will-1-million\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-btc-will-1-million\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Bitcoin_84d234.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Bitcoin_84d234.jpeg?fit=1024%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin developer","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-07-17T23:00:38Z","datePublished":"2024-07-17T23:00:38Z","dateModified":"2024-07-17T23:00:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Developer Samson Mow Says BTC Will Rise To $1 Million, Here\\u2019s When\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-btc-will-1-million\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-btc-will-1-million\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin_84d234.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin_84d234.jpeg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin developer\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-07-17T23:00:38Z\",\"datePublished\":\"2024-07-17T23:00:38Z\",\"dateModified\":\"2024-07-17T23:00:38Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Bitcoin_84d234.jpeg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/630208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=630208"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/630208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/630217"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=630208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=630208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=630208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}