Samson Mow, CEO of JAN3 and a prominent Bitcoin maximalist, remains confident in Bitcoin's potential despite recent price fluctuations. He believes that the cryptocurrency will continue to attract large investors, absorbing any sold Bitcoin. Mow's optimism is fueled by the high demand from spot Bitcoin ETF issuers, who have been purchasing significant amounts of Bitcoin since the US Securities and Exchange Commission's approval.

Mow's confidence in Bitcoin is unwavering, and he predicts that the cryptocurrency could reach an astonishing $1 million within the next year. He shared this forecast on Twitter and later elaborated on it during a video podcast. Although he acknowledges that this target may not be met by 2025, he believes it is a reasonable future scenario.

The recent approval of Bitcoin ETFs by the SEC has contributed significantly to Mow's optimistic outlook. Major financial institutions like BlackRock, VanEck, Ark Invest, and Grayscale have been purchasing large amounts of Bitcoin, creating a significant demand shock. The reduced supply due to Bitcoin's halving has further contributed to Mow's forecast, as the slower release of new Bitcoins into the market historically leads to price increases.

Mow's prediction is not without basis, as the current situation has created a perfect storm of demand and supply shocks. The consistent buying pressure from ETFs, combined with the reduced supply from the halving, has set the stage for a significant price increase. While some may question Bitcoin's future, Mow remains steadfast in his belief in the cryptocurrency's potential.

In conclusion, Samson Mow's prediction of Bitcoin reaching $1 million within the next year is a bold one, but it is supported by various factors. The high demand from ETFs, combined with the reduced supply from the halving, has created a perfect storm for a significant price increase. As the cryptocurrency market continues to evolve, it is essential for investors to stay informed and conduct thorough research before making any investment decisions.