Samson Mow, a renowned Bitcoin advocate, expects BTC to never drop below the $60,000 level ever again.
Over the weekend, Bitcoin rose almost 7.5%, soaring to the $62,000 zone. The abrupt price increase was likely due to several factors, including the better-than-expected CPI report and the end of the recent Bitcoin sale by the German government.
Also, certain events in the US about the upcoming November government reshuffling added fuel to the BTC rally. He believes that ultimately, Bitcoin will reach the $1 million price threshold and surpass it.
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