Important Bitcoin (BTC) $100,000 Reminder Issued by Samson Mow, Hold Tight

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As a seasoned researcher with a keen interest in the dynamic world of cryptocurrencies, I find myself intrigued by the perspectives of industry leaders like Samson Mow and Max Keiser. Their insights, especially regarding Bitcoin’s potential, are captivating and thought-provoking.

Samson Mow, a strong advocate for Bitcoin and CEO of JAN3, recently took to Twitter to issue a gentle reminder to the international crypto community regarding Bitcoin.

“Artificial” Bitcoin price

On this occasion, Mow suggested that the current $100,000 price level for Bitcoin is an artificially maintained one. His tweet reads: “Bitcoin below $0.1 million is contrived. Savor it for now.”

REMINDER: #Bitcoin under $0.1M is artificial.

Enjoy it while you can.

— Samson Mow (@Excellion) August 31, 2024

Around early June, the head of JAN3 similarly addressed this matter. As per a tweet, Mow posits that for Bitcoin, the world’s leading cryptocurrency, to eventually break the $100,000 barrier, it must first surpass its previous record high of approximately $73,750, which it achieved in March.

Following this, Mow explained further that a recurring price fluctuation phenomenon, often referred to as a “recursive demand shock,” would likely propel Bitcoin’s value beyond the $100,000 mark.

According to a tweet he posted during the summer, Mow predicts that Bitcoin could surge dramatically to an astonishing $1,000,000 in the coming year. If this doesn’t occur within this timeframe, he believes it will happen relatively soon after.

Max Keiser reveals five stages of “Bitcoin mastery”

Notably, a well-known Bitcoin advocate who also serves as an advisor to El Salvador’s president, Nayib Bukele, Max Keiser, recently interacted with his cryptocurrency followers via the X platform. He shared a series titled “The 5 Stages of Bitcoin Proficiency.”

Those describe stages of attitude of crypto investors to Bitcoin as they begin to like and understand BTC stronger and finally come to Max Keiser’s famous thesis that “everything is going to zero against Bitcoin.”The first stage is “I just heard about BTC, I can fix it.” The second one shows an investor’s admiration toward Bitcoin, even though it is not as high as that to altcoins. That is followed by beginning to use BTC for payments (adoption). Then Bitcoin becomes a new asset class for investors and the “best store of value ever.”

1. I’ve just learned about Bitcoin, let me tell you how it works.

— Max Keiser (@maxkeiser) August 30, 2024

In other words, when Kaizer is stated to be advising the president of El Salvador on Bitcoin during the third phase, it implies that these stages are not exclusive to individual retail investors but also apply to countries. Kaizer anticipates that the fourth stage (“Bitcoin as a new asset class; the best store of value ever”) will soon be realized in the U.S. as well.

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2024-08-31 23:26