Renowned advocate of Bitcoin, Samson Mow, recently shared his insights on the inevitable fate of the Bitcoin price through a striking graphic. As the CEO of Jan3, a company dedicated to promoting Bitcoin adoption, Mow took to the X platform to showcase a diagram illustrating the limited supply of Bitcoin in comparison to the available capital in the market.
The diagram, shaped like an hourglass, visually represents the scarcity of Bitcoin in circulation relative to the pool of capital that can be utilized to acquire it. While the numbers are not explicitly stated, the message is clear – the supply of Bitcoin is dwarfed by the potential demand, creating a bullish outlook for the cryptocurrency.
Despite the current decline in Bitcoin price, Mow remains optimistic about its future trajectory, predicting a significant surge to $1 million per coin. Expressing surprise at the dip in price amidst unprecedented levels of adoption, Mow urged followers to “buy the friendly dip” and seize the opportunity presented by the market fluctuations.
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