As a seasoned crypto investor with a deep understanding of the industry, I’m particularly intrigued by Samson Mow’s latest bullish statements on Bitcoin. His comparison of BTC to Neo from “The Matrix” is a metaphor that resonates with me, as it reflects the transformative potential of this digital currency.
Samson Mow, a veteran figure in the crypto industry having served as CSO at Blockstream under Adam Back and now leading Bitcoin-focused Jan3, has expressed optimism regarding Bitcoin’s price trend. He anticipates that BTC will reach new heights and set a fresh record peak.
New Bitcoin ATH soon: Samson Mow
As a crypto investor, I often look to Mow’s tweets for insight and inspiration. In his latest message, he shared an animated GIF from “The Matrix” movie. For those unfamiliar with the reference, this iconic creation of the Wachowskis is a powerful metaphor that Mow frequently uses when conversing with his X followers about Bitcoin. He sees the potential highs of Bitcoin reaching new levels, much like Neo’s journey in the film, unlocking hidden truths and limitless possibilities.
Mows tweet indicates his belief that Bitcoin, the premier cryptocurrency, will hit a fresh record high very soon. Its last record high was in March at a price of $73,750.
New #Bitcoin ATH soon.
— Samson Mow (@Excellion) May 6, 2024
Over the past weekend, I observed a significant surge in Bitcoin’s price. It jumped more than 10%, reaching an all-time high of $65,180 on Monday. This upward trend can be attributed to the influx of $63 million into Grayscale’s spot Bitcoin ETF, which was reported on Friday.
Since the SEC’s approval in mid-January, this Bitcoin ETF experienced its initial influx of funds – a first for it since then. Beforehand, GBTC had witnessed a significant outflow of funds totaling around $26 billion. This was primarily due to Grayscale’s high fees, which were much more expensive than those of other spot Bitcoin ETFs.
In the last 24 hours, Bitcoin initially decreased by 3%, but subsequently regained 1.70%, currently trading at a price of $62,285.
As a crypto investor, I’m excited about Monday’s bullish Bitcoin statement from Mow, the Jan3 boss. He tweeted that money held by others is bound to lose its value over time. According to him, true money can only survive without degradation if it’s in the hands of its bearer. Using this analogy, Mow is confident that Bitcoin will eventually reach an incredible price – $1 million. This significant price milestone will come after Bitcoin displays “Omega candles” on its charts, which are a specific chart pattern indicative of a major bull market.
“Monetary Dark Ages ended” with Bitcoin launch
On Sundays, Samson Mow posted on Twitter that the monetary darkness came to an end on January 3, 2009. This statement was a nod to Bitcoin’s elusive founder, Satoshi Nakamoto, and the inception of Bitcoin on that very day.
January 3rd is commonly known as Bitcoin Day. In 2009, the creation of Bitcoin was recorded with a timestamp, as mentioned in a newspaper headline. This article also highlighted concerns about the economic instability resulting from fractional reserve banking.
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2024-05-07 14:03