Bitcoin to Face This After ‘Uptober’: ‘$1 Million BTC’ Samson Mow

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As a seasoned researcher and cryptocurrency enthusiast with a keen interest in Bitcoin, I find Samson Mow’s latest predictions intriguing. His optimistic outlook for Bitcoin, dubbing November as “No-dip-vember,” is reminiscent of the excitement that pervaded during the early days of Bitcoin when we witnessed unprecedented growth and price surges.

Samson Mow, a strong advocate for Bitcoin and CEO at JAN3, which assists countries in adopting BTC, expressed his perspective on how Bitcoin might evolve following the conclusion of the current “Uptober” month.

His tweet emerges following Bitcoin’s surge in the last 24 hours to reach approximately $63,000 again. Remarkably, it almost reclaimed the $64,000 mark as well.

Mow expects bullish November after “Uptober”

Following the upward trend of Bitcoin in recent times, Samson Mow expressed his prediction that this increase from October will carry on through November without any significant price drops, referring to it as “No-dip-vember.

After Uptober comes No-dip-vember.

— Samson Mow (@Excellion) October 7, 2024

Starting last Wednesday, Bitcoin (BTC) has shown a 6.20% increase in price. It climbed from around $60,000 to reach $63,800 earlier today. However, its current value has dropped slightly to $63,520 at the moment, with trades occurring at this level.

Bitcoin experienced a 3% increase in value since last Friday. This surge can be attributed to the US jobs report released exceeding the predictions of economists and financial analysts. Consequently, this has led to an influx of funds towards riskier assets, including Bitcoin, which are often viewed as investments by traditional financiers.

Mow hints Satoshi could be linked to China

According to a report from U.Today, during the weekend, Samson Mow revealed some intriguing details on Twitter about the mysterious figure behind Bitcoin – Satoshi Nakamoto.

In response to Kyle Bass’s tweet suggesting that Satoshi is a “Chinese intelligence operation,” Mow countered by sharing his own history in China, mentioning that he was there in 2009 – the year Bitcoin was launched. Furthermore, he stated that he oversaw the largest Bitcoin exchange in China after that.

Mow tweeted that if one looks at the way the name Satoshi Nakamoto and the word China are spelled in hieroglyphs, the very first character in both will be the same. “It’s just can’t be coincidence,” Mow concluded.

Kyle Bass posited an idea that China’s secret service intentionally developed Bitcoin as a means to weaken the global dominance of the U.S. economy, which has been bolstered significantly by the robustness of the U.S. dollar.

Over the last seven days, there’s been a lot of online debate leading up to the airing of the HBO documentary on Tuesday, which suggests that the creators might finally reveal the true identity of the elusive Bitcoin pioneer, Satoshi Nakamoto.

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2024-10-07 12:04