Samson Mow Predicts BTC To Never Go Down Below $60K Again

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Jul 15, 2024 14:49

Samson Mow, a renowned Bitcoin advocate, expects BTC to never drop below the $60,000 level ever again. Over the weekend, Bitcoin rose almost 7.5%, soaring to the $62,000 zone. The abrupt price increase was likely due to several factors, including the better-than-expected CPI report and the end of the recent Bitcoin sale by the German government. Also, certain events in the US about the upcoming November government reshuffling added fuel to the BTC rally. He believes that ultimately, Bitcoin will reach the $1 million price threshold and surpass it.