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.
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