Bitcoin (BTC) is anticipated to reach $1 million within a short period following the green light for a spot BTC exchange-traded fund (ETF), as stated by Jan3 CEO Samson Mow. Mow explained that with the approval of a spot ETF, there will be a surge of institutional capital, which will result in a limited supply of Bitcoin on exchanges and an abundance of money available for purchase. Consequently, Bitcoin’s price will skyrocket. Mow compared this rapid rise to the slow impact of central bank money printing, which takes years to affect the economy. Unlike previous rallies that took several months, Mow believes that the post-ETF approval rally to $1 million will occur much more quickly. He mentioned that the 2017 surge took nine months to increase by 20 times, but with the influx of billions of dollars through ETF approvals, the timeframe will be significantly shorter. For further insights into Mow’s price prediction, watch the complete interview on the Cointelegraph YouTube channel and remember to subscribe.
Samson Mow predicts that the approval of a Bitcoin ETF will swiftly drive BTC to $1M in a matter of 'days to weeks.'