Bitcoin maximalist Samson Mow spoke to his horde of followers on Twitter in a series of optimistic tweets, expressing his belief that the price of Bitcoin may one day reach $1 million. Given that it may occur at any time, Mow thinks that this price increase might not have been anticipated. As the SEC prepares to approve a Bitcoin spot ETF, he tweeted this.
A discussion saying that Bitcoin may suddenly and swiftly reach $1 million might upset many Bitcoiners’ plans preceding Mow’s tweet titled “Bitcoin to $1 million.”
https://x.com/Excellion/status/1744555498807120321?s=20
Bitcoin reaching $1 million means “max pain for the most people,” per Mow
In his Twitter thread, Samson Mow expressed his belief that many corporations, analysts, and other market participants may experience “max pain” if Bitcoin surges above the $1 million level, especially if it does so rapidly.
Initially, Mow called his own business Jan3, whose goal is to assist countries in embracing Bitcoin as their official currency (El Salvador is a prime example). He said the team has a tonne of meetings and goals for this year. If Bitcoin reached a million dollars, it would “derail everything.”
https://x.com/Excellion/status/1744519270581875081?s=20
Jan3 still has a few years to assist countries in implementing Bitcoin. That would no longer be possible, though, if Bitcoin were to reach $1 million: “50 countries reach out frantically & we are overloaded.” All of the thoughtful preparation and suggestions are gone—just purchase Bitcoin with abandon. and the squad didn’t get any rest.
“Plan B” analyst and MicroStrategy
In addition, Mow mentioned a number of other prominent players in the cryptocurrency world, all of whom may have their plans and schemes derailed if Bitcoin were to suddenly reach $1 million. One of them is the Stock-to-Flow model for Bitcoin developed by analyst Plan B, which states, “S2F model breaks again, just when it was looking like it was going to track correctly.”
Even if MicroStrategy is one of the top 30 most lucrative firms, it will never be able to fulfil its objective of amassing 1% of the Bitcoin supply should Bitcoin hit $1 million in the near future.
El Salvador would pass up the chance to purchase further Bitcoin below $100,000 and issue bonds denominated in Bitcoin.
