Part 7/9:
Mow reiterated a bullish outlook, positing that Bitcoin could see unprecedented price increases in the near future, potentially reaching $100,000 or more per coin. He likened the current situation of Bitcoin prices being suppressed to a “beach ball” pushed underwater, signifying that strong demand is yet to be fully recognized by wider markets.
Furthermore, he pointed out the challenge posed by finite Bitcoin availability. Institutional interest continues to grow, with entities employed to secure their stakes in the cryptocurrency market, such as pension funds and corporations. However, Mow cautioned that significant accumulation may soon face logistical challenges due to the limited supply of Bitcoin left for extraction.