Exclusive: Samson Mow Says Bitcoin Could Reach $3M By 2033, Dismisses Dogecoin, Shiba Inu, Pepe Coin As Trivial Distractions — 'If You Want To Gamble Go To A Casino'
Portfolio Pulse from Mehab Qureshi
Samson Mow, CEO of Bitcoin company Jan3, predicts Bitcoin could reach $3 million per coin by 2033. He dismisses altcoins and meme coins as distractions. His comments come as BlackRock refiles its application with the SEC for a Bitcoin ETF, with Coinbase chosen for surveillance-sharing agreements to detect fraud. Cboe Global Markets has also refiled paperwork for a Fidelity Investments spot BTC ETF. Mow believes approval of a Bitcoin ETF could lead to a significant influx of investment from pension funds and others.
July 08, 2023 | 12:33 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
BlackRock has refiled its application with the SEC to launch a Bitcoin ETF, potentially increasing its exposure to the cryptocurrency market.
The refiling of the Bitcoin ETF application by BlackRock indicates its continued interest in the cryptocurrency market. If approved, this could potentially increase BlackRock's exposure to Bitcoin, which could have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bitcoin's price could potentially reach $3 million per coin by 2033, according to Samson Mow. The approval of a Bitcoin ETF could lead to a significant influx of investment.
Samson Mow's prediction of Bitcoin reaching $3 million by 2033 is based on an annual growth rate of 60%. The approval of a Bitcoin ETF could potentially lead to a significant influx of investment from pension funds and others, which could drive up the price of Bitcoin.
CONFIDENCE 70
IMPORTANCE 90
RELEVANCE 100