Samson Mow, a renowned Bitcoin bull, has outlined six possible paths that could potentially push Bitcoin's price to $1 million. The first path involves a supply shock where aggressive buying from institutional players like MicroStrategy and ETF issuers would cause Bitcoin supply to dwindle, leading to a price increase. The second path involves governments holding Bitcoin as a reserve asset, with the United States potentially establishing its own Strategic Bitcoin Reserves. The third path suggests a complete rebasing of the US dollar to satoshis, redefining the way value is measured. The fourth path involves nation-states feeling the fear of missing out (FOMO) and stacking Bitcoin, following the lead of major economies like the US. The fifth path involves a potential shift from gold to Bitcoin as a monetary asset, resulting in a significant liquidity shift. Lastly, Mow predicts that three more countries, possibly in Asia, will adopt crypto strategies. If any of these triggers are activated, Bitcoin could experience a significant surge, potentially even a $100,000 jump in a single move.



Other News from Today