Renowned Bitcoin advocate Samson Mow has outlined the inevitable fate of Bitcoin in a visually striking post. As the CEO of Jan3, a company dedicated to Bitcoin adoption, Mow shared a diagram illustrating the scarcity of Bitcoin in circulation compared to the available capital in the market. The diagram, resembling an hourglass with Bitcoin and capital depicted in a triangular shape, highlights the limited supply of Bitcoin in relation to the demand.
Despite the current decline in Bitcoin price, Mow remains optimistic about its future, tweeting a bullish price prediction and expressing surprise at the drop in value despite increasing adoption. Mow, a Bitcoin maximalist, believes that the cryptocurrency will eventually reach $1 million per coin. He encourages investors to “buy the friendly dip” and seize the opportunity presented by the current market conditions.
Please note that this content is not investment advice. For those interested in investing in over 300 cryptocurrencies, Binance exchange offers a 20% commission discount through the provided link. Stay updated on the latest news, analytics, and on-chain data by following our Telegram and Twitter accounts.