CEO of Jan3 and Founder of Pixelmatic Samson Moe predicts that Bitcoin will rise in price to $1 million. At the same time, he is not bothered by the outflow of capital from various exchange-traded funds, since, according to Mou, Bitcoin differs from traditional assets. Accordingly, it has no limit on its value.
Given the huge demand from institutions, nation states, and even ordinary people, Mow believes that Bitcoin's scarcity is still underestimated, especially given its supply limit of 21 million coins.
Samson Moe suggests that recent price fluctuations are a normal market correction, especially since altcoins such as XRP , Solana and some others are still overvalued.
I have been predicting a price of 1 million for a long time, and it will happen someday, but for now I think that the BTC pullback is quite normal, because the altcoin market is overheated. If you look at XRP , it was $3. It's funny, considering that Bitcoin worth $ 97,000.
Same thing with Solana . All altcoins are overvalued now, so I think it's normal that Bitcoin goes down, and they bounce back.
Many in the crypto industry agree that Bitcoin's dominance is set to increase, especially as the market sheds excess altcoin speculation. That's why Mow is convinced that even at $100,000 or $200,000 Bitcoin still underrated.
