Famous CEO Announces the Event That Will Take Bitcoin to 100 Thousand Dollars!

Samson Mow, one of the well-known names in the Bitcoin community, said when the price could reach 100 thousand dollars.

In his X post dated June 5, Samson Mow predicted $100 thousand for the Bitcoin price. Stating that what will take Bitcoin to 100 thousand dollars will be exceeding the previous peak, the analyst said that in this scenario, a serious demand shock will come into play again.

Once Bitcoin surpasses the previous ATH, a recurring demand shock kicks in and it will go up to $0.1 million.

Mow described it as “$0.1 million” as he expects BTC to eventually and inevitably rise to $1 million. While Mow's prediction excited investors, Bitcoin's upward momentum in recent days has further increased expectations for a new peak.

In particular, the non-agricultural employment data to be announced by the USA on Friday this week is expected to have a significant impact on prices.

The ongoing inflow of money into spot Bitcoin ETFs is helping to accelerate the price upwards.

According to CoinGecko data, Bitcoin, which has increased by 4% in the last 24 hours, is traded at $ 71,000 at the time of writing.

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