Samson Mow’s Bullish Tweet on Bitcoin’s Scarcity Hints at Major Price Surge  

• Samson Mow stresses Bitcoin’s scarcity, calling it the hardest asset on Earth.  
• Mow predicts Bitcoin’s price could hit $1 million due to supply-demand shocks.  
• Optimism builds for “Uptober” as market conditions support a bullish outlook.

Prominent Bitcoin advocate and JAN3 CEO Samson Mow has once again underscored Bitcoin’s scarcity, further fueling the growing optimism surrounding the world’s largest cryptocurrency.

In a recent tweet, Mow emphasized Bitcoin’s unique status as a limited asset, pointing out that only 21 million Bitcoins will ever exist. He stated that this feature makes Bitcoin even scarcer than gold and silver, highlighting its role as “the hardest asset on the planet.”

This reiteration comes in the form of a short video shared by Mow, where he briefly reminded the crypto community about Bitcoin’s fixed supply. His statement serves as a direct message to Bitcoin investors, reinforcing the importance of scarcity in the broader market dynamics. 

Bitcoin’s finite supply has long been seen as one of the major factors driving its value, positioning it as a hedge against inflation and traditional monetary systems.

Mow has previously stressed that Bitcoin’s scarcity will significantly drive its price to unprecedented levels. He has repeatedly mentioned that the cryptocurrency could reach $1 million per coin, a prediction he backs with solid reasoning. 

According to Mow, Bitcoin’s halving, which occurred in April, has reduced block rewards from 6.25 BTC to 3.125 BTC, limiting the amount of new Bitcoin entering circulation.

Besides the halving, Mow also pointed to the increasing demand from spot Bitcoin ETFs, which absorb massive amounts of Bitcoin. He believes this creates a supply-demand shock that will eventually push the price higher.

He predicts that these forces, combined with Bitcoin’s fundamental scarcity, will lead to a moment when the market sees Bitcoin soar to $1 million.

Mow’s bullish outlook comes just as the crypto community enters October, often referred to as “Uptober” due to the historically bullish trends in cryptocurrency and conventional markets this month. 

On Friday, Mow supported Blockstream CEO Adam Back, who tweeted his readiness for the expected bullish momentum in October. Mow responded, “We’re ready. Send it,” signalling his confidence in the upcoming market rally.