As an analyst with over two decades of experience in the tech industry, I find Samson Mow’s bullish stance on Bitcoin intriguing and validated by the recent market movements. Having closely followed Mow’s career since his early days at Blockstream, it is evident that he has a deep understanding of the technology and its potential. His tweet, “I still Bullieve,” not only reflects his optimism but also underscores the resilience of Bitcoin in the face of adversity.
Samson Mow, a vocal Bitcoin proponent and CEO at JAN3, a company focused on BTC adoption in nation-states, has published a tweet about BTC and its prospects. In it, Mow sends a clear message that he remains bullish on the world’s pioneer cryptocurrency. This coincided with Bitcoin regaining the $61,000 price mark today.
“I’m still confidently optimistic, much like a classic cartoon bull meticulously honing its horns to prepare for the charge.” The GIF of the bull sharpening his horns symbolizes his readiness to take action based on his bullish stance.
I still Bullieve.
— Samson Mow (@Excellion) October 2, 2024
Bitcoin falls back to $60,000 after recapturing $61,000
Over the past few days, Bitcoin has dropped about 8.7% in value, going from $65,890 to a recent low of $60,170, primarily due to escalating geopolitical conflicts in the Middle East. As these situations unfold, investors are choosing to sell off Bitcoin and stocks to invest in gold instead, as gold is often seen as a safe haven asset during times of uncertainty. Meanwhile, Bitcoin is perceived by many as a high-risk investment. In the last four weeks alone, the price of gold has increased by over 6%, equating to a staggering 45.34% rise this year.
Criticizing individuals trading Bitcoin, Mow stated, “They’re buying a form of ‘gold on paper’ that won’t be transportable during difficult times.
In the last day, Bitcoin (BTC) has recovered slightly from its losses, showing a growth of approximately 1.71%. Currently, it’s being traded at around $60,184 following another dip that happened recently.
Mow explains why Adam Back is not Satoshi
As a researcher delving into the intricacies of digital currencies, I’d like to clarify some misconceptions that have persisted about Adam Back and his role in the creation of Bitcoin. Contrary to widespread speculation, there’s no definitive evidence that suggests Adam, with whom I once collaborated at Blockstream, was the anonymous figure behind Satoshi Nakamoto, the pseudonymous creator of Bitcoin. This is based on an excerpt from a documentary titled “Searching for Satoshi,” in which I shared my insights, as published by JAN3’s account.
The CEO of JAN3 made a witty remark in a tweet, pointing out that in a certain movie, he was identified merely as “a former coworker of Adam Back.” He noted that the intellectual and writing styles of Back differ significantly from those presented in the Bitcoin white paper and the messages posted by Satoshi on the BitcoinTalk forum.
In the exploration of who Satoshi Nakamoto truly is, the name Adam3us has emerged as one potential candidate. However, in this video from @Excellion, you can learn why it’s unlikely that Adam Back is indeed Satoshi Nakamoto.
— JAN3 (@JAN3com) October 2, 2024
According to Mow, it’s just a coincidence that Back vanished from public sight around the same period as Satoshi, with no further implications.
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2024-10-03 11:44