As a seasoned crypto investor with over a decade of experience in the digital asset market, I can’t help but find myself nodding in agreement with Samson Mow’s latest prediction about Bitcoin price. With his extensive knowledge and keen insights into the world of cryptocurrency, his belief that any price under $1 million is still Bitcoin on sale resonates deeply with me.
Samson Mow, a renowned Bitcoin maximalist and the chief executive officer at the JAN3 company focused on helping nation-states with BTC adoption, has addressed the community of his followers on the X social media platform (formerly known as X) with an important statement about Bitcoin price.
Here’s when the BTC “sale” will be over, per Mow
“Any Bitcoin price lower than $0.1 million is still a bargain.”
Any price under $0.1M is still #Bitcoin on sale.
— Samson Mow (@Excellion) August 24, 2024
According to his latest tweet, Mow anticipates that Bitcoin, the world’s primary cryptocurrency, will surge past the $1 million mark in less than a year, starting from this coming summer.
As a seasoned investor with over two decades of experience in the financial markets, I have observed that certain individuals are more likely to invest in Bitcoin as a risk-off asset. Based on my personal experiences and observations, I have come to believe that these investors tend to fall into three main categories:
Bitcoin price jumps 6%
On August 23rd (last Friday), Bitcoin unexpectedly surged over 6% in value, causing quite a stir in the market. This significant jump propelled BTC from approximately $60,700 to around $64,450. As of now, Bitcoin, often referred to as “digital gold,” has dipped slightly and is being traded at roughly $64,230.
As a researcher, I observed a significant surge in Bitcoin’s price following the remarks made by Jerome Powell, the chairman of the Federal Reserve. In his statement, he suggested that the “time has arrived” for the Fed to lower interest rates, signaling a strong intention from the Federal Reserve to commence rate reductions at last.
Based on what’s reported by The Wall Street Journal, the outcome will hinge on an equilibrium of economic risks spread throughout the United States.
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2024-08-24 10:57