As an experienced crypto investor with a decade-long journey in this digital frontier, I find myself both intrigued and cautiously optimistic upon reading Samson Mow’s recent warning about Bitcoin approaching the $100,000 level. Having witnessed numerous price fluctuations and market cycles, I can attest to the fact that Bitcoin’s unpredictability is a constant reminder of its potential for exponential growth as well as the risks associated with it.
Samson Mow, prominent Bitcoin advocate and the CEO at JAN3, has published an important warning about Bitcoin approaching the $100,000 level.
Yesterday, Bitcoin, the world’s top digital currency, hit a fresh all-time high, just shy of $98,000.
Mow’s Bitcoin buy warning
As Bitcoin swiftly nears the $100,000 mark, Mow posted on Twitter that the opportunity to purchase BTC under the “million-dollar” level is diminishing rapidly. He phrased it as: “You can still acquire #Bitcoin for less than a million dollars.
You can still buy #Bitcoin for less than $0.10M.
— Samson Mow (@Excellion) November 21, 2024
When Bitcoin surpasses the $100,000 mark, things will begin moving at a quicker pace, as per Mow’s prediction. Notably, Mow anticipates that Bitcoin could reach the $1 million price point in the near future. He attributes this to two primary factors: the Bitcoin supply shortage resulting from the halving event in April and an imminent increase in demand for Bitcoin, a viewpoint he shares.
According to a tweet posted on Wednesday, Mow indicated that a sudden change in demand for Bitcoin, Ethereum, and potentially XRP (known as a “demand shock”) is imminent. He initially discussed this possibility back in January, suggesting that the accumulation of large amounts of Bitcoin by Spot Bitcoin ETFs since the beginning of the year could trigger this event. Following suit, Spot Ethereum ETFs were also launched. Most recently, BlackRock has filed an application for an exchange-traded fund tied to the live price of XRP. This series of events could lead to a significant shift in demand for these cryptocurrencies.
As a dedicated researcher in the realm of cryptocurrencies, I firmly believe we may witness a significant milestone in the near future: a Bitcoin price reaching one million dollars. Given its current value hovering around $100,000, the pace at which it escalates is poised to accelerate exponentially, as predicted by Mow.
$1.2 billion in Bitcoin mysteriously transferred
About 12,899 Bitcoins were recently moved anonymously from one digital wallet to another, as per Whale Alert, a widely used blockchain tracker. This transfer, made around 20 hours ago, was worth a staggering $1.22 billion at the time of transaction initiation.
⚠️ ⚠️ ⚠️ ⚠️ ⚠️ ⚠️ ⚠️ ⚠️ ⚠️ ⚠️ A significant amount of Bitcoin, specifically 12,899 units worth approximately $1,221,514,492 USD, has been moved from an unidentified wallet to another unidentified wallet.
— Whale Alert (@whale_alert) November 20, 2024
The crypto community was quickly set abuzz by this mysterious and huge transfer. Crypto users on X started a heated discussion as to the nature of this transfer, assuming that a whale might be reshuffling his BTC holdings or somebody making a purchase. One X user tweeted: “transferred from Deribit cold wallet to Deribit cold wallet.”
Cryptocurrency platforms frequently move significant quantities of digital currencies when rebalancing their cryptocurrency assets among various digital wallets.
12.8 years ago, a long-dormant Bitcoin wallet was activated. The wallet contained 50 Bitcoins, which, at their activation, were worth about $200. Today, those same 50 Bitcoins are valued at approximately $4,618,081.
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2024-11-21 16:41