As a seasoned researcher with years of experience in the cryptocurrency market, I find myself intrigued by the recent optimistic take from Samson Mow, CEO of JAN3 and Bitcoin maximalist, predicting non-stop ATHs for the next few months. With my fingers crossed, I can’t help but wonder if this time will be different.
Samson Mow, a Bitcoin maximalist and CEO at the JAN3 company, has published a tweet that shares an optimistic take on the Bitcoin price’s near future.
After the world’s leading cryptocurrency achieved two unprecedented daily records in terms of highest values, this event transpired.
“Non-stop Bitcoin ATHs” coming soon: Samson Mow
In the previously mentioned tweet, Mow anticipates continuous new all-time highs (ATH) for Bitcoin over the coming months.
When someone asked about the Bitcoin Omega candle he had been forecasting in his past posts over the course of a year, Mow explained that such a candle has already occurred. In his earlier posts, Mow stated that initially, a massive “Godzilla” Bitcoin candle would take place, followed by an Omega one to push Bitcoin towards the $1 million mark and beyond.
Mow forecasts that if Bitcoin doesn’t hit a million dollars by the end of next year, then a significant event related to it could occur quite rapidly. He often expresses that such large price movements are on the verge of happening.
Non-stop #Bitcoin ATHs for the next few months.
— Samson Mow (@Excellion) November 6, 2024
On November 6th, Bitcoin initially surged to an all-time high of $75,000. After a brief dip, it resumed its significant upward trajectory, eventually reaching a new record high of $76,460 due to significant political changes in the United States.
Will U.S. create strategic Bitcoin reserve?
Last month, Senator Cynthia Lummis, an advocate for cryptocurrencies, suggested establishing a strategic Bitcoin reserve within the U.S. She believes that having this Bitcoin reserve could strengthen our nation’s financial standing, acting as a secure form of savings or investment.
As per this plan, over the coming years, the U.S. administration is projected to acquire approximately 200,000 Bitcoins every year. If this continues, they would amass a total of one million Bitcoins, and for at least two decades, they wouldn’t sell any of these Bitcoin. This accumulation would account for around 5% of the entire existing Bitcoin supply, which is capped at 21 million coins.
On November 6th, Michael Saylor, co-founder and chairperson of MicroStrategy, expressed via Twitter that it would be beneficial for the U.S. to establish a strategic Bitcoin reserve.
Today, Anthony Pompliano, a well-known Bitcoin advocate and founder of “Pomp Investments,” expressed his backing for this action in a post on X. He emphasized that if the U.S. decides to take this daring step, it could spark an unprecedented wave of FOMO (fear of missing out) across the globe: “a global FOMO unlike any we’ve experienced before.
If the U.S. creates a strategic Bitcoin reserve, it could trigger a worldwide fear-of-missing-out (FOMO) event that surpasses any we’ve experienced in the past.
— Anthony Pompliano 🌪 (@APompliano) November 7, 2024
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2024-11-07 20:25