Bitcoin’s $1M Price Advocate 'Fires' Analyst Who Predicted $60,000, Claims Bearish Targets Not Real Despite Price Drop

Core Viewpoint - Samson Mow, a prominent Bitcoin advocate, maintains a bullish outlook on Bitcoin, asserting that it has reached its cyclical bottom and dismissing bearish price predictions as arbitrary and lacking analytical justification [2][5]. Group 1: Price Predictions - Mow argues that Bitcoin has likely hit its cyclical bottom, rejecting forecasts that suggest declines to $50,000, $10,000, or lower [2]. - He believes that Bitcoin is currently trading at a discount when adjusted for inflation, reinforcing his view that downside risks are overstated [3]. - Mow predicts that Bitcoin could surprise people by reaching $110,000 by 2026, emphasizing that current prices barely outperform inflation [2]. Group 2: Analyst Firing Incident - Mow claimed to have fired an analyst who predicted Bitcoin would fall to $60,000, stating that the analyst "will never work in this industry again" [4]. - This incident sparked mixed reactions within the crypto community, with some users criticizing Mow's stance while others supported his long-term view [6]. Group 3: Long-term Outlook - Mow has consistently been a vocal proponent of a $1 million Bitcoin price, suggesting that historical trends indicate Bitcoin moves faster than expected [7]. - He believes that recent political developments have strengthened his conviction regarding Bitcoin's future price trajectory [7].