2024

Bitcoin

MSTR

Million

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<p lang="en-GB">Samson Mow, JAN3 boss and a vocal Bitcoin advocate, has doubled down on his earlier forecast of Bitcoin reaching the $1 million price level in the near future. This time, he quoted a famous movie on the topic of financial markets, which describes the event that largely triggered the creation of Bitcoin — “<a href="https://u.today/bitcoin-omega-candle-coming-samson-mow-shows-big-short-michael-burrys-style">The Big Short</a>.”</p>
<p lang="en-GB">In the meantime, Bitcoin has lost roughly 6.35% after surging to a new record peak last Friday. So far, it has failed the expectations of the community of seeing it break above $100,000 quickly.</p>
<h2 id="0-1-million-then-1-0-million">"$0.1 million, then $1.0 million"</h2>
<p lang="en-GB">The JAN3 chief executive addressed the global Bitcoin community with a tweet, in which he doubled down on his earlier $1 million BTC price prediction within the next year. This time, Mow tweeted that he certainly expects “$0.1M then $1.0M,” adding a quote from “The Big Short” movie that talks about the collapse of the mortgage loan market in 2008. The movie was based on true events, when a few traders, including Michael Burry, shorted that market, betting on its crash.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">$0.1M then $1.0M <a href="https://t.co/aunaZIIsNs">pic.twitter.com/aunaZIIsNs</a></p>— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1861533621468963135?ref_src=twsrc%5Etfw">November 26, 2024</a>
</blockquote> 
<p lang="en-GB">So far, the world’s bellwether cryptocurrency, Bitcoin, is changing hands at $93,500 after partly paring its losses, faced after the massive 8% price decline on Monday. Mow then tweeted that a “Black Friday Bitcoin sale” had started, offering the community to stock up on BTC on the dip.</p>
<p lang="en-GB">Michael Saylor, a renowned Bitcoin evangelist, tweeted that he has already planned a $100,000 Bitcoin party at his house on one of the last days of December and of 2024, as he expects BTC to reach that much-anticipated price mark by then, either in November or December.</p>
<h2 id="nocoiner-mind-is-not-ready-for-6-figure-bitcoin">"Nocoiner mind is not ready for 6 figure Bitcoin"</h2>
<p lang="en-GB">Analyst Charles Edwards, the founder and CEO of the Capriole Investments fund, revealed why he believes Bitcoin failed to step over the $100,000 mark. Mentioning the recent 25% daily MSTR collapse recently, he pointed out that a lot of traders are selling BTC now. Besides, he reckons, the minds of the masses, who are mostly <a href="https://u.today/next-100000-bitcoin-will-happen-in-weeks-analyst-charles-edwards">“nocoiners,” are not ready for Bitcoin</a> to go beyond $100,000. This price level is “the biggest sell wall ever.”</p>
<p lang="en-GB">However, he stated that BTC will definitely be back to pass $100,000 with effort, and he said that after that, “the next $100,000 will happen in weeks.”</p> <a href="https://u.today/bitcoin-to-hit-10-million-after-01-million-samson-mow-insists">Read original article on U.Today</a>

Bitcoin to Hit $1.0 Million After $0.1 Million, Samson Mow Insists

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