Predicted Resurgence of Bitcoin: Samson Mow Foresees $1 Million BTC Price
In the world of cryptocurrency, opinions often vary, and this is no different when it comes to Bitcoin and Ethereum. Two prominent figures in the industry, Samson Mow and Dan Tapiero, have recently shared their views on the future of these digital assets.
Dan Tapiero, an international investor and the founder and CEO of 10T Holdings and 1RoundTable Partners, has expressed a bullish sentiment towards both Bitcoin and Ethereum. In a recent tweet, he stated that "Bitcoin and Eth bull market still has a lot further to run."
However, Samson Mow, CEO of JAN3, and a well-known Bitcoin maximalist, disagrees. Mow, who is also a critic of Ethereum, believes that until Bitcoin's dominance in the market increases, it is unlikely to surge from its current lows. He predicts that Bitcoin's rally will resume when its dominance increases.
The disagreement seems to have stemmed from a tweet by Tapiero, to which Mow responded. Mow's prediction is based on the belief that Ethereum has reached the final stages of a recent pump and dump, and this will cause Bitcoin to resume its run.
Recent market movements seem to support Mow's view, as Bitcoin has rebounded from a 5.35% decline this week. The price of Bitcoin reached $113,000 per coin over the past 24 hours, gaining less than 1%. However, it briefly dropped to $112,163 on Thursday after losing the $118,502 price level on Sunday.
The context provided does not mention any specific date or time frame for when Bitcoin's dominance might increase or when Ethereum might return to its long-term down trend against Bitcoin. As the cryptocurrency market continues to evolve, the debate between Bitcoin and Ethereum maximalists and their predictions will undoubtedly continue.
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