“Bitcoin going to $1 million”: Samson Mow names possible time frame
As a seasoned researcher with a deep interest in the cryptocurrency market, I’ve closely followed the developments and predictions of industry insiders for years. Samson Mow, CEO of X, is one such figure whose bullish sentiment towards Bitcoin has caught my attention. His recent reaffirmation of his “$1 million per Bitcoin” prediction, coupled with his conviction that this price level could be reached within a year, resonates with me. I’ve seen the market’s volatility firsthand and understand the risks involved; however, Mow’s optimism is backed up by his extensive knowledge and experience in the industry.
CEO Samson Mow of Blockstream is renowned for his bullish stance on Bitcoin, frequently expressing optimistic views about the cryptocurrency’s price in his LinkedIn posts. Staying consistent with this outlook, Mow has recently reinforced his prediction that Bitcoin will reach $1 million. In a post dated Tuesday, July 16, he asserted, “Bitcoin is heading to $1 million. I have no doubts.” In response to queries from his followers, Mow suggested that this price level could potentially be attained within the next year. Additionally, on Monday, July 15, Mow expressed confidence that Bitcoin’s price would not dip below the $60,000 threshold again.
XRP just secured golden cross: Details
Yesterday, the XRP token, linked to Ripple, displayed a golden cross pattern on its chart for the past four hours. This occurs when a shorter-term moving average (such as SMA 50) rises above a longer-term moving average (like SMA 200). This pattern indicates a bullish trend and potential for further price growth. However, at present, XRP is experiencing a decline of 6.56% over the last 24 hours, with a current value of $0.5698. Despite this drop, XRP has shown significant support at the levels of $0.381 and $0.403. The bullish trend is expected to persist if the price remains above its current position.
BlackRock’s BTC ETF records massive milestone
Based on current data from the blockchain, BlackRock’s iShares Bitcoin Trust (IBIT) has managed assets valued at over $20 billion just six months after its launch. This surpasses the combined assets of both the United States Oil Fund (USO) and the iShares Silver Trust (SLV). With an overall asset management of $10.6 trillion, BlackRock’s net inflows reached $82 billion in Q2 this year. Nate Geraci, president of ETF Store, asserts that the recent trend of inflows indicates a strong interest from investors and institutions.
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2024-07-18 19:29