Samson Mow sees the current downturn in the Bitcoin market as a bear trap, misleading traders into expecting further declines.
Mow predicts that Bitcoin could reach $1 million by 2025, driven by increasing institutional adoption and competition with gold as a store of value.
Institutions are exploring Bitcoin reserves as a hedge against inflation, and growing distrust in traditional banking systems is pushing investors towards Bitcoin.
Bitcoin's recent dip and investor caution in the face of upcoming U.S. tariffs contribute to a cautious sentiment towards the cryptocurrency.