Bitcoin’s (CRYPTO: BTC) meteoric growth has increased the appetite for not only the asset, but also the predictions and prophecies surrounding it.
Some, however, sound so unrealistic that they may confuse even the most perpetual optimists.
What happened: Samson Mow, CEO of Bitcoin technology company JAN3, is one of the firm believers of the $1 million price target for the apex cryptocurrency. He reiterated in a September 2024 interview that the coin will eventually reach the milestone in 2025, if not 2024.
While Mow is confident in his $1 million projection, he selected his words carefully earlier this month, stating, “You know Bitcoin is going to add a zero. It’s simply a matter of when.”
Plan B, the creator of the popular Bitcoin stock-to-flow model, predicted at the beginning of the year that Bitcoin would average $500,000 in 2025 and range between $250,000 and $1 million, thanks to halving and scarcity-driven demand.