Samson Mow, known for his Bitcoin advocacy, has again sparked heated debates in the cryptocurrency community. Mow, who has been making strong statements about the long-term potential of Bitcoin for a long time, this time argued that even the “10-fold increase” expectation frequently expressed by analysts does not reflect reality. His post on the X platform clearly revealed his optimism about the future of Bitcoin, despite the current stagnant image of the market.
Why Is the “10x Bitcoin” Estimate Inadequate?
According to Samson Mow, the 10-fold price increase scenarios expressed for Bitcoin are extremely cautious. According to him, many market participants still do not fully grasp Bitcoin’s long-term price potential. While Mow doesn’t give a specific price target, he implies that perspectives that evaluate Bitcoin’s future with limited earnings projections are “missing the bigger picture.”
There are strong fundamental dynamics behind this optimistic approach. Bitcoin’s limited supply of 21 million, the further decrease in new supply after each halving, and the increasing interest of institutional investors are among the main factors supporting Mow’s arguments. Particularly large companies accumulating Bitcoin on their balance sheets and regular fund inflows into spot Bitcoin ETFs show that demand is no longer limited to individual investors.
Mow also argues that demand does not even need to “explode” for Bitcoin prices to rise significantly. According to him, even the maintenance of current demand and the limited structure of supply can create a strong upward pressure on the price in the long run.
The Market Is In Red But Optimism Continues
Mow’s statements coincided with a period when Bitcoin performed poorly in the short term. The retreat seen in the general crypto market in recent days has also suppressed the Bitcoin price. The leading cryptocurrency is trading “in the red” with a limited decline of approximately 0.56 percent in the last 24 hours.
However, this situation did not change Mow’s stance. In his view, short-term price fluctuations are just noise in the long-term story of Bitcoin. A similar optimistic approach had recently come to the fore with another development. Some major asset management companies operating in the USA announced that the demand for spot Bitcoin ETFs was above expectations and that this would further strengthen the role of Bitcoin in the financial system in the coming years. This news, in line with Mow’s views, indicates that corporate interest may be permanent.
