Cryptocurrency analyst Samson Mow has made a striking prediction regarding the price of Bitcoin. He argues that Bitcoin will not reach $1 million gradually, but rather in a sharp jump over a short period of time. “When you look at the collapse of fiat currencies, it doesn't happen slowly; it happens suddenly and violently. My $1 million Bitcoin prediction is based on this,” Mow said. “It will be a short, sharp rise over weeks or months.” Related News: Altcoins Whales Have Been Moving the Most to Exchanges in Recent Hours Have Been Revealed However, this bold view was challenged by another prominent analyst, PlanB. He dismissed Mow's statements as “unrealistic expectations,” saying: Bitcoin is unlikely to reach $1 million in weeks or months. I understand and appreciate that Mow is creating a trend that encourages Bitcoin adoption. However, at this point, this rhetoric risks misleading new investors. There will be intense profit-taking at intermediate price levels. What we're seeing this cycle is a gradual, less volatile rise. The $1 million target is much more likely to be achieved within 6–8 years. *This is not investment advice. Continue Reading: When Will Bitcoin Reach the $1 Million Mark? Two Experts Speak Out
