Samson Mow Issues Bullish Bitcoin Call on Goldman Sachs Boss

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As a seasoned crypto investor with a decade of experience under my belt, I’ve seen the highs and lows of this rollercoaster ride we call the crypto market. The recent comments from David Solomon of Goldman Sachs about Bitcoin as a store-of-value have sparked a lively discussion in our community.

Samson Mow, a strong advocate for Bitcoin and head of a company dedicated to promoting its use (JAN3), has shared his thoughts on a recent comment made by Goldman Sachs CEO David Solomon during the Olympic Games in Paris. This remark is currently generating buzz within the cryptocurrency community.

JAN3 chief reacts to Solomon’s Bitcoin statement

During the Olympics, the CNBC Squawk Box team conversed with David Solomon about a range of topics concerning Goldman Sachs and their guidelines, as well as the potential for the Federal Reserve to lower interest rates in the current year.

In their conversation, they touched upon the leading digital currency, Bitcoin. The chief executive of a major bank acknowledged his skepticism about Bitcoin’s practical application, but he also suggested that Bitcoin might possess a role as a store of value.

Ryan Rasmussen, who is the head of research at Bitwise, posted something. Samson Mow responded to that with a meme from Game of Thrones, saying “Bend the knee.” He added his own comment, stating, “I don’t set the rules.”

I don’t make the rules.

— Samson Mow (@Excellion) July 31, 2024

Based on his previous comments about the X platform, Mow anticipates that Bitcoin could potentially surge to an astounding $1 million within the coming year. Consequently, he thinks an increasing number of organizations might start purchasing Bitcoin and acknowledging it as a valuable addition to their treasuries.

Michael Saylor reacts to new Bitcoin acquisition pivot

As a researcher, I’ve taken note of the comments made by Michael Saylor, the executive chairman of MicroStrategy, following his appearance on CNBC where he discussed the recent Bitcoin announcement.

At the Bitcoin 2024 conference held recently, numerous businesses declared their plans to acquire Bitcoin, mimicking MicroStrategy’s approach, and list it as a strategic treasure asset on their financial statements.

New businesses are declaring their intention to invest in Bitcoin, viewing it as a tactical financial asset for their company’s reserves. (Tweet by @billfour)

— Michael Saylor⚡️ (@saylor) July 30, 2024

In the last two days, Bitcoin, the most prominent cryptocurrency globally, took a 5.8% dive after dropping from its recently regained $70,000 position down to the $65,770 region. This occurred following the U.S. government’s transfer of another large Bitcoin amount, worth billions in USD, that was seized from the Silk Road darknet marketplace. Currently, BTC has shown a slight rebound and is being traded at around $66,300.

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2024-07-31 12:06