Bitcoin’s $1M Price Advocate ‘Fires’ Analyst Who Predicted $60,000, Claims Bearish Targets Not Real Despite Price Drop

Key Takeaways

• Samson Mow argues that Bitcoin has already reached its cyclical bottom and rejects bearish forecasts.
• Mow sparked debate after claiming he fired an analyst for predicting a $60,000 Bitcoin price.
• Despite near-term volatility, Mow maintains his long-term view that Bitcoin could reach $1 million.

Samson Mow, a prominent Bitcoin advocate known for repeatedly predicting a $1 million Bitcoin price, said he does not take recent bearish price targets seriously and claimed he fired an analyst who forecast Bitcoin would fall to $60,000.

Bottom Already Hit, Claims Samson Mow

Speaking on a recent podcast , Mow argued that Bitcoin has likely reached its cyclical bottom, dismissing predictions calling for declines to $50,000, $10,000, or lower.

“If you look at Bitcoin at even $110,000, I think 2026 is going to surprise people,” Mow said, adding that current prices barely outperform inflation by his estimates.

“We’re kind of like trolling around the bottom of the seabed, and people think it’s going to go lower.”

Mow suggested that bearish price targets are often arbitrary and lack analytical justification.

“If you’re going to pick a random number down, pick zero,” he said. “Or negative.”

He also argued that Bitcoin is trading at a discount when viewed through inflation-adjusted returns, reinforcing his view that downside risks are overstated.

Analyst Firing Claim Sparks Pushback

The comments come as Mow intensified his criticism of bearish forecasts in a post on X, where he claimed he had dismissed an analyst over a pessimistic Bitcoin price call.

“I’ve fired the analyst that said Bitcoin is going to $60k,” Mow wrote . “He will never work in this industry again.”

The post did not identify the analyst or clarify their role, and it drew mixed reactions from the crypto community, despite likely being satirical.

“That boy is a clown. We are going way below 60k during the bear market,” one X user wrote.

Another commented: “He should fire himself for his own basket of sorry predictions. 60,000 is not out of the question at all. I am hoping to buy in the fifties later next year. Time will tell.”

Others expressed support for Mow’s stance, with one user writing: “If you know something deeply, you have to see it through.”

Whether Mow’s comments were meant seriously or satirically, the post highlighted how polarizing Bitcoin price predictions remain.

Samson Mow’s $1 Million Bitcoin Call

Mow has long been one of the most vocal proponents of a seven-figure Bitcoin price.

In March, he wrote that Bitcoin historically moves faster than expected and said recent political developments strengthened his conviction.

“Since getting into Bitcoin, what I’ve consistently found is that everything always happens faster than I expect,” Mow said in a post on X.

“That’s why my prediction is for a fast run to $1 million.”

While Mow has said his internal model projects Bitcoin reaching $1 million by 2031, he believes the market could reach that level significantly sooner.

Bitcoin remains volatile, and analysts continue to disagree on whether the asset has already reached its cycle low.

Bearish Outlooks Grow

As Bitcoin’s price continues to struggle to find momentum since falling from its October highs, many more bearish outlooks from analysts and commentators are coming to the surface.

Peter Schiff, a longtime Bitcoin skeptic, recently dismissed claims that Bitcoin was forming a market bottom.

“The idea that a bottom is forming is more wishful thinking than actual technical analysis,” he said . “It’s more likely the market is consolidating as it gets ready for the next leg down.”

Schiff added that he believed Bitcoin had not “decoupled from other risk assets.”

“It just doesn’t rally as much when they rise, and it declines much more when they fall,” he added.

Last week, Bloomberg analyst Mike McGlone claimed that Bitcoin could fall as low as $10,000.

“There were zero cryptocurrencies in 2009. Now there are roughly 28 million listed on CoinMarketCap,” he said.

“Own it or wear it — I expect Bitcoin to revert back toward $10,000,” he added.