The White House Promotes Bitcoin: $1 Million Sooner?

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  • Samson Mow, esteemed Bitcoin proponent, predicts that Bitcoin could reach $1 million sooner due to the U.S. government’s pro-crypto policies.
  • President Trump’s White House endorses Bitcoin, boosting investor confidence and market optimism.

Bitcoin [BTC], currently navigating a challenging market phase, struggles to reclaim the critical $100K level.

At press time, BTC traded at $85,775.87, reflecting a marginal 0.25% dip in the past 24 hours, according to CoinMarketCap.

In fact, Bitcoin’s market dynamics have undergone notable changes recently, driven by shifting supply patterns across various investor groups.

Despite this downturn, market experts remain optimistic, forecasting an imminent bull run.

Samson Mow on Bitcoin’s long-term outlook

Read more$70 million in 24 hours: Can Ethereum crack $4,000 thanks to whales?

Among them, Jan3 CEO and well-known Bitcoin proponent Samson Mow has reiterated his bold prediction that BTC could soar to $1 million.

Taking to X (formerly Twitter), Mow noted, 

“Since getting into #Bitcoin, what I’ve consistently found is that everything always happens faster than I expect. And now we have the White House promoting #Bitcoin.” 

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What’s more?

However, as Bitcoin adoption continues to expand globally, particularly through the rise of spot Bitcoin ETFs, more businesses and nations are embracing the leading cryptocurrency.

Read moreBitcoin halving could be a ‘sell-the-news’ event, at least for a few months

This growing acceptance strengthens the case for Bitcoin’s long-term potential, with analysts like Mow suggesting that the U.S. government’s pro-crypto stance could set a precedent for other countries.

If more nations align with this trend, it could further accelerate Bitcoin’s growth, reinforcing its position as a dominant asset in the evolving financial landscape. 

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2025-03-09 19:09