Samson Mow has made a bold Bitcoin ETF prediction following this week's BTC breakthrough above $70,000. Will Bitcoin's resurgence usher in a new era of highs?

Samson Mow, CEO of Jan3 and a firm advocate for Bitcoin's eventual ascent to $1 million, has offered an optimistic outlook on spot Bitcoin ETFs for the current week. Mow's bullish prediction comes on the heels of Bitcoin surpassing the $70,000 mark.

Bitcoin ETF Outflows Prompt Speculation of Reversal Amid Mow's Predictions

Mow's prediction arrives in the wake of spot Bitcoin ETFs receiving approval from the SEC in mid-January, following months of anticipation within the companies launching these funds and the broader global Bitcoin community. Since their inception, these ETFs have been actively accumulating significant volumes of Bitcoin from the market, with peak daily acquisitions exceeding 10,000 BTC. Leading the pack is IBIT, the ETF spearheaded by BlackRock, which currently holds over $15 billion in Bitcoin, surpassing major centralized cryptocurrency exchanges like Kraken and OKX.

However, recent days have witnessed substantial outflows from these ETFs, amounting to over $850 million worth of Bitcoin. Last week, Mow expressed his expectation that these outflows would soon reverse into inflows once again. Today, Mow took to Twitter, suggesting that this week may see a return to net inflows, accompanied by a Bitcoin hashtag. Some observers speculate that Mow's tweet pertains to Bitcoin ETFs.

Meanwhile, the price of Bitcoin continues its ascent, breaching the $70,000 milestone with a 5.12% increase today, as depicted by several consecutive green candles on the chart.

Robert Kiyosaki Plans to Acquire 10 BTC Ahead of Bitcoin Halving

Renowned financial expert, investor, and author of "Rich Dad Poor Dad" Robert Kiyosaki, known for his vocal support of Bitcoin, has announced his intention to purchase 10 Bitcoins before the arrival of April. Kiyosaki aims to execute this acquisition prior to the Bitcoin halving anticipated in the latter half of April, an event poised to significantly reduce the supply of the world's flagship cryptocurrency, especially in light of ongoing ETF purchases.

Kiyosaki is optimistic about Bitcoin's trajectory, foreseeing it reaching an all-time high of $100,000 by September of this year. In previous tweets, he had suggested a potential attainment of this milestone by June, further projecting Bitcoin's value to soar to $300,000 by the end of 2024.