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In recent discussions, prominent Bitcoin proponents such as Samson Mow and Raoul Pal have envisioned a remarkable surge in Bitcoin’s value, potentially soaring to an unprecedented $1 million.
During a recent interview, Samson Mow, the CEO of JAN3, shared his outlook, foreseeing a substantial increase in Bitcoin’s price. Mow argued that the current crypto bull market diverges from past cycles, deviating from the conventional four-year pattern. According to him, this unparalleled price surge will be propelled by a confluence of factors encompassing supply, demand dynamics, and price shocks.
Mow elucidated his perspective, stating, “It appears that the approval of all ETFs will coincide on the same day. This effectively taps into the limited Bitcoin supply on exchanges, creating a supply shock when demand surges. Consequently, we witness a price shock, facilitating Bitcoin’s rapid ascent. This is the mechanism behind its potential to skyrocket in a short timeframe.” Mow emphasized that the approval of spot ETFs would mark a crucial juncture, ushering in a substantial influx of institutional capital from the United States into Bitcoin, thereby catalyzing swift and substantial price escalation.
Similarly, Raoul Pal, the co-founder and CEO of Real Vision, provided a macroeconomic perspective on Bitcoin’s growth trajectory. Identifying two influential megatrends—business cycles and financial conditions—Pal contemplates the profound impact they exert on asset prices. He posits that by the conclusion of 2025, Bitcoin could attain a valuation ranging between $500,000 and $1 million.
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Pal delved into the intricacies of Bitcoin Halving, its correlation with the global debt refinancing cycle, and the electoral cycle. According to him, these overarching macroeconomic factors, coupled with predictions surrounding ETFs, constitute a potent force that could propel Bitcoin to unprecedented heights.
