Samson Mow, CEO of Jan3, a company focused on Bitcoin adoption, has reaffirmed his optimistic outlook on Bitcoin's future value, forecasting a price of $1 million by 2025. Despite skepticism from some, Mow remains confident in his prediction, citing the approval of spot Bitcoin ETFs and the recent Bitcoin halving event as key drivers. Mow has a history of making bold predictions, often referencing the potential for significant price increases, which he calls "Omega candles" or "Godzilla candles".

Mow believes that the approval of spot Bitcoin ETFs by the American Securities and Exchange Commission (SEC) will create a demand shock, as these ETFs accumulate large amounts of Bitcoin to back their exchange-traded products. This, combined with the recent Bitcoin halving event, which reduced the block size from 6.25 to 3.125 BTC, will lead to a supply shock, driving the price of Bitcoin to $1 million and potentially higher.

However, Bitcoin's recent market performance has been less than stellar, with a significant drop in the last 24 hours, losing the $64,000 and $63,000 levels. The cryptocurrency has decreased by 3.32% since Sunday, falling from $64,345 to $62,190. Bitcoin miners continue to sell their Bitcoin to cover mining expenses and secure profits, creating high selling pressure that has driven the price down.

Despite this, Mow remains bullish on Bitcoin's future prospects, citing the potential for increased adoption and demand. His prediction of a $1 million price tag by 2025 may seem ambitious, but Mow's track record of making bold predictions and his confidence in Bitcoin's potential make his forecast worth considering.

In conclusion, Samson Mow's prediction of a $1 million Bitcoin price by 2025 is a testament to his unwavering belief in the cryptocurrency's potential. While recent market performance may have been less than stellar, Mow's forecast highlights the potential for significant growth and adoption in the future. As the market continues to evolve, only time will tell if Mow's prediction will come to fruition.