Jan3 CEO Samson Mow predicts that Bitcoin will reach one million dollars

Jan3 CEO Samson Mow is a public supporter of Bitcoin and holds an optimistic view on its future. He recently made a significant statement on Twitter, saying that many short-term holders are selling their Bitcoins due to recent market dynamics, which he sees as a key Bitcoin indicator. He refers to these sellers as "weak hands," while the "diamond hands" continue to buy this world's first cryptocurrency, increasing their reserves.

In the past 24 hours, Bitcoin experienced a slight drop before quickly recovering. Before the fall, this leading digital currency showed a growth of 2.56% on Friday. At the time of writing this article, the trading price of Bitcoin was $68,130.

Mow also likens Exchange Traded Funds (ETFs) based on spot bitcoin trades to Neo from The Matrix. He believes that these ETFs have penetrated deep into traditional financial systems. He predicts that Bitcoin could potentially destroy old systems and replace the dollar in the future.

Mow firmly believes that the price of Bitcoin will reach one million dollars. He has mentioned this several times recently, especially in anticipation of upcoming halving events for Bitcoin. In his opinion, bitcoin ETFs are creating demand shocks for bitcoins while halving will create supply shocks; both types of "shocks" will inevitably drive prices up to unimaginable heights.