Samson Mow believes that Bitcoin can soar to $1 million in the near term. 
Mow claims that the market is poised to see an inflow from institutional players as anticipation for a Bitcoin Spot ETF heightens. 
A prominent cryptocurrency figure has responded to an outpouring of bearish comments from members of the Bitcoin community. Despite Bitcoin’s position as the most valued cryptocurrency by market cap, market players are not convinced that the asset can hit $1 million in price value.
Taking to X, Samson Mow, the CEO of JAN3 and a key figure in the nation-state Bitcoin adoption gave his two cents on the matter.
Mow, who seems to be extremely bullish, asserted that the upcoming days and weeks could be crucial for Bitcoin. The Bitcoin proponent is convinced that the approval of an Exchange Traded Fund (ETC) could propel Bitcoin to new levels.
Notably, the cryptocurrency market is anticipating the approval of a Bitcoin Spot ETF from the U.S. Securities and Exchange Commission (SEC).
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