As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I find myself intrigued by the current state of Bitcoin. The recent dip, while disappointing to many, presents an opportunity that reminds me of the infamous Black Friday sales – a chance to buy at a discount!
Samson Mow, a well-known Bitcoin advocate and CEO of JAN3, recently took to social media to let his followers know that following the recent drop in Bitcoin’s value within the past day, there’s currently a “Bitcoin Black Friday” event taking place.
“Bitcoin Black Friday sale”
As a crypto investor, I’ve noticed that the world’s leading digital currency has taken a 5.83% dive, dropping from the recently reached $98,650 mark and settling into the $92,890 zone. On the hourly chart, a series of red candles have been interspersed with occasional green ones, reflecting Bitcoin’s repeated attempts to bounce back after each dip.
Currently, a single Bitcoin is being traded for approximately $92,666. Over the past week since it hit an unprecedented peak on Friday, just shy of the $100,000 mark, Bitcoin has experienced a drop of around 7.14%.
This week marks the start of Black Friday, specifically on November 29th. Consequently, Mow took to the X platform to share his “Bitcoin Black Friday” message with his audience.
Enjoy the #Bitcoin Black Friday sale!
— Samson Mow (@Excellion) November 25, 2024
Kiyosaki bets on $500,000 per BTC but Blockstream CEO seems to disagree
On November 25th, Robert Kiyosaki, an investor and entrepreneur who’s also famous for writing the best-selling “Rich Dad Poor Dad” book, took to Twitter to express a confident forecast that Bitcoin could potentially reach $500,000 by next year. This prediction was backed by AI data he referred to in his tweet.
In the conversation below, user @mrduste23 referred to Adam Back, the CEO of Blockstream and a well-known cypherpunk, stating that according to him, Bitcoin could potentially rise to an eight-figure value if the United States were to include it as part of its reserve assets.
A well-known figure from the cypherpunk movement, referred to by Satoshi Nakamoto in the Bitcoin whitepaper, voiced his opinion during the conversation. He expressed doubt over the claim, adding that if true, Bitcoin appears undervalued at present.
In simpler terms, I believe my previous statement might have been misunderstood a bit, but essentially, I meant that if the market truly expected the event to occur, Bitcoin’s price would likely be higher than it currently is.
— Adam Back (@adam3us) November 25, 2024
Adam remarked that he feels the market shares his skepticism about the event not occurring. In his opinion, if Bitcoin were expected to happen, its current price would be slightly higher.
Bitcoin whales go on buying spree
Based on a report released by the on-chain data firm Santiment, it was pointed out that Bitcoin experienced a significant drop at the beginning of this week. The report further disclosed that over this month, at least 10 major Bitcoin investors (referred to as whales) have amassed approximately $6.06 billion in Bitcoin – roughly 63,922 coins.
So far as they persistently increase their Bitcoin holdings, Santiment suggests that a bullish case stays robust, implying that any potential drop might be temporary.
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2024-11-26 12:33