Crucial Bitcoin (BTC) Call to World’s Governments Made by Samson Mow

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As a researcher with experience in the crypto industry, I find Samson Mow’s recent warnings to global governments regarding the importance of Bitcoin intriguing. His perspective on the current state of economies and the limitations of fiat money resonates with my own observations. Mow’s call for governments to “fix the money first” is a powerful message that highlights the need for monetary systems that are not subject to inflation and devaluation.

Expert: Samson Mow, a prominent Bitcoin advocate and CEO of BTC firm JAN3, has issued a significant warning to the governments of multiple nations. He emphasized the increasing significance of Bitcoin in the global financial landscape.

Mow warns global governments

Samson Mow expressed his views on the economic situations in different nations, among them being the United States. Once more, he brought up the topic of fiat currency and its alleged inadequacy in fostering a robust economy.

In a tweet, he expressed his belief that mending the economy is an unachievable task given the current state of finance. He advocated for addressing the monetary issues first and included the #Bitcoin hashtag as a possible solution.

As a researcher studying economic policies, I would argue that governments may find it challenging to mend economic issues if the very foundation of our monetary system is flawed. Therefore, it’s crucial to address the root cause – the monetary infrastructure itself – before attempting any major economic repairs. In this context, some people believe that Bitcoin, as a decentralized digital currency, could potentially offer an alternative solution with its built-in monetary policies and limitations. However, it is essential to thoroughly examine its implications for governments and societies at large.

— Samson Mow (@Excellion) July 3, 2024

Mow is convinced that the current value of Bitcoin is significantly lower than it should be, as demonstrated in a recent X post. He referenced the “Omega law” during this discussion, though he didn’t provide a precise explanation. This appears to align with his earlier tweets where he discussed anticipating an “Omega candle,” which would lead Bitcoin to unprecedented new highs and ultimately reach $1 million.

As a researcher studying the cryptocurrency market, I can share that my interpretation of Mow’s perspective is that if Bitcoin (BTC) fails to reach its predicted astronomical price peak this year, then we can expect it to occur in 2025 or perhaps even sooner.

Sell-offs will not harm Bitcoin, Mow says

Over the weekend, the head of JAN3 expressed his conviction that present Bitcoin sales won’t negatively impact the cryptocurrency. He further stated on Twitter that all Bitcoin being sold at the moment will ultimately be absorbed by the dynamic crypto market.

Enthusiasts of cryptocurrencies often label investors who quickly sell their holdings as “paper hands,” while those who hold onto their crypto for the long term are called “diamond hands.” According to Mow’s perspective, diamond-handed investors will purchase the assets being sold off by paper-handed ones. Notably, Mow is convinced that major players in Bitcoin spot Exchange Traded Funds (ETFs), such as BlackRock, VanEck, Grayscale, and Bitwise, will acquire substantial amounts of Bitcoin from those who are selling in haste.

From mid-January, when Bitcoin ETFs received SEC approval, until April 20, they consistently bought Bitcoin each day. Following the Bitcoin halving on April 20, these spot ETFs experienced significant inflows and outflows at times, even daily.

As a researcher studying the cryptocurrency market, I’ve observed a significant decrease in value for the leading digital currency over the past day. This decline has resulted in a loss of approximately 3.7% of its value, causing it to drop below the $62,800 mark and settle in the $60,500 zone.

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2024-07-03 14:16