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▲ Bitcoin (BTC)
A groundbreaking prediction that Bitcoin (BTC) will reach $1 million has been raised again.
According to a report by virtual asset specialized media NewsBTC on April 30 (local time), Samson Mow, CEO of Jan3, diagnosed that Bitcoin's fundamental strength is robust despite market volatility.
Mow emphasized that the demand for Bitcoin spot ETFs overwhelms the daily mining supply. He observed that if the supply-demand imbalance deepens, an "Omega candle" will appear, causing prices to surge rapidly. The reasoning provided is that Bitcoin spot ETFs are absorbing significantly more Bitcoin than the amount supplied daily.
Inflation due to central banks' indiscriminate currency issuance was also identified as a factor increasing Bitcoin's value. He predicted that as the instability of the fiat currency system grows, Bitcoin will establish itself as an alternative to the existing financial system. Mow expressed confidence that Bitcoin will become a core part of the global financial infrastructure, beyond being a mere investment asset.
Regarding market pessimism, he dismissed it as a temporary phenomenon. He explained that the path to $1 million is already set, and the current price correction is merely an opportunity for long-term investors. He stated that investors should not get bogged down by short-term price fluctuations but should focus on Bitcoin's scarcity and innovation.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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