**Samson Mow Stays Optimistic with $2M Bitcoin Price Target Despite Market Fluctuations and ETF Outflows**
Samson Mow, the CEO of Bitcoin-focused company JAN3, is holding firm on his $2 million price target for Bitcoin (BTC), even as the market experiences notable volatility, with daily price swings between $77,900 and $85,900. This fluctuation has understandably made some investors cautious. Mow recently expressed his unwavering optimism, stating, “I’m still bullish,” despite the recent market turbulence that has challenged many bullish predictions.
Mow believes that Bitcoin’s unique qualities—its scarcity, resilience against inflation, and increasing acceptance as a reserve asset by institutions—are key to its potential. Initially, he had forecasted that BTC could reach $1 million per coin, but he has since adjusted that figure to $2 million, citing a surge in institutional demand. In a recent move, JAN3 acquired 12 BTC, which yielded a 15% return (approximately $150,000) in just one month, further supporting Mow’s thesis on institutional adoption.
However, the Bitcoin ETF market has seen a significant outflow of $275.9 million over the past eight days, indicating a dip in institutional participation. This trend contrasts with Mow’s belief in Bitcoin’s long-term viability as a hedge against macroeconomic uncertainties. While the current crypto landscape may be challenging short-term sentiment, Mow remains confident that Bitcoin’s inherent advantages—such as its fixed supply and decentralized nature—position it to transform the global financial system.
As of now, Bitcoin is trading at $80,316 USD, reflecting a slight decrease of 0.77% in the last 24 hours. Over the past week, Bitcoin has experienced a decline of 13.64%, and in the last month, it has dropped 18.23%. Despite these recent setbacks, Bitcoin has shown a remarkable increase of 28.48% over the past year. The cryptocurrency reached a peak of $109,356 USD in January 2025 but has since retraced.
Trading activity remains robust, with a current volume of $59.31 billion in the last 24 hours, indicating that interest persists even amid the downturn. Bitcoin is currently facing resistance in the $85,000 to $90,000 range, and if these levels hold, we may see further consolidation or potential pullbacks.
In summary, while the market may be experiencing turbulence, Samson Mow’s steadfast belief in Bitcoin’s future shines through, as he continues to advocate for its role in reshaping finance.
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