The CEO of Jan3 and founder of Pixelmatic, Samson Mow, predicts that Bitcoin's price could reach $1 million per coin as soon as this year. Mow dismisses the idea of diminishing returns for Bitcoin and believes that its potential is limitless. He argues that Bitcoin's scarcity, with only 21 million coins in existence, is still undervalued. Mow attributes recent price fluctuations to a market correction, particularly in overpriced altcoins like Ripple and Solana. Despite the current price of around $96,000, Mow remains optimistic about Bitcoin's future and believes it is still undervalued even at higher price points. He also highlights the importance of Bitcoin's dominance increasing as excess speculation in altcoins is shaken off. Mow and others are closely monitoring key developments such as strategic Bitcoin reserves and the rise of Bitcoin ETFs, which make it easier for institutional investors to enter the market.



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