According to Samson Moe, Bitcoin can reach $3 million per coin in the next 10 years based on an annual growth rate of 60%. In this Pooyan Music post, we are going to predict the price of Bitcoin 2033, quoted by Samson Mow.
Samson Mo highlights the growing enterprise demand for Bitcoin. Also, Mo considers the criticisms of figures like Jim Cramer and Nasim Nicholas Taleb invalid.
Based on a 60% annual growth rate, Bitcoin could reach $3 million per coin in the next 10 years, Samson Mu said.
Speaking to Benzinga, Bitcoin advocate Moo emphasized his belief in its uniqueness and growing enterprise demand for the leading digital currency.
Mo, the CEO of Hong Kong-based Bitcoin company Jan3, educates governments about Bitcoin. He previously served as Blockstream’s Chief Strategy Officer for five years. During his tenure at Blockstream, Mo advised the Vice President of El Salvador, Naib Boquele, on a $1 billion Bitcoin-backed bond.
“So for me, Bitcoin is everything,” he stated. All the big institutional investment firms entering the space are also interested in Bitcoin. This shows that there is a lot of institutional demand for Bitcoin.”
Bitcoin ETF and Market Impact: The announcement comes as BlackRock refiled its application to launch a bitcoin exchange-traded fund (ETF) with the SEC. and addresses concerns raised by the regulator. The asset manager has chosen Coinbase as a marketplace for monitoring sharing agreements to detect fraud. Additionally, Cboe Global Markets has also refiled documents on behalf of Fidelity Investments for a Bitcoin ETF.
Regarding the possible approval of the Bitcoin ETF, Moo expressed optimism. He stated that billions of dollars are waiting to enter the market from pension funds and others.
“There are probably billions of dollars sitting on the sidelines waiting to come into ETFs from pension funds and so on,” Mo speculated. “And I think if it passes, we’re going to see the price of Bitcoin skyrocket to probably $1 million per coin.”
Moe ignores altcoins like Ethereum, Ripple, or Stellar when discussing the crypto market.
“If you want to sell to the public, you have to register and have disclosure and transparency. Many of these cryptocurrency projects are essentially unregistered. And that’s why the SEC is shutting down and restricting work. Because these things usually hurt investors. ”
Pepecoin, Dogecoin, Shiba Inu, dismiss them as mere distractions and jokes. “They are just a joke,” he said. If you want to gamble, you can always go to the casino and gamble.”
Eventually, the discussion turned to future bitcoin halving events. Moo acknowledged the historical patterns but cautioned, “Bitcoin has a way of surprising you. So, it doesn’t always do what you expect.”