Search results for Jan3
Crypto
VanEck says bitcoin could reach $1 million by 2031
VanEck said bitcoin could reach $1 million per coin within the next few years, around five years. Matthew Sigel, head of digital assets research at VanEck, told CNBC that the firm’s base case is a long-term rise, though the asset can be highly cyclical and volatile. He compared its adoption to the video game industry and cited broadening demand across age groups and central bank purchases for reserves.
Crypto
Samson Mow says bitcoin near $1 million, below $120,000 undervalued
Samson Mow, CEO of Jan3 and a well-known bitcoin bull, said the era of $1 million bitcoin and an “Omega candle” could be near. He said large institutional and corporate buying is absorbing circulating supply and could cause a supply shock. Mow also argued the market overestimates sellable supply held on exchanges and that even prices below $120,000 or $110,000 are undervalued based on inflation-adjusted measures and models.
Crypto
Bitcoin nears bottom against gold as bottom calls gain traction
Analysts say bitcoin may be nearing a market bottom as its value against gold approaches a low. Mercado Bitcoin research head Roni Suster said weakness versus gold could signal a bottom, with cycle analysis suggesting a February low and a rebound from March. Jan3 CEO Samson Mow said bitcoin is undervalued versus gold market value and global money supply. The view comes amid global uncertainty, rising gold prices and bitcoin ETF outflows, though large investors increased spot bitcoin ETF exposure in mid-February.
