As a seasoned researcher with over a decade of experience in the dynamic world of cryptocurrencies, I find myself intrigued by the bullish stance of Samson Mow, the CEO of JAN3. His prediction about Bitcoin’s potential to replace fiat currencies for salary payments within a decade is particularly captivating.
Samson Mow, a well-known supporter of Bitcoin and CEO of a Bitcoin adoption-centric firm called JAN3, has just made an optimistic remark about Bitcoin. This statement has led to multiple new record highs for the cryptocurrency.
In addition, he expressed his idea about Bitcoin possibly being utilized as a method for distributing wages in the future rather than traditional currencies.
New Bitcoin price records – “this time it is different”
In just the last day, Bitcoin has soared approximately 10%, boosting its value by around $8,000 and nearly reaching over $90,000. Today’s unprecedented high, as reported by CoinMarketCap, was $89,956.
Twitter user Mow expressed that the recent significant increase in Bitcoin’s value appears to be “unlike” past market fluctuations, suggesting his belief that the price trend could continue to rise further.
I’m just going to say it.
This time is different.™
— Samson Mow (@Excellion) November 12, 2024
Again in a tweet, Mow referred to a potential “Bitcoin ‘God candle’ and ‘Omega candle.’ The head of JAN3 commented that the current trend seems to bring BTC very near to the former, while he suggests the latter could soon appear, possibly leading towards $1.0M Bitcoin price.
For more than a year now, Mow has been forecasting that the world’s largest cryptocurrency could reach a staggering $1 million. This prediction was made even before the commencement of trading for spot Bitcoin ETFs. According to him, this event would serve as one of the primary drivers propelling Bitcoin towards the $1 million mark. Another significant factor he cited was the halving that took place in May this year.
Approximately two months ago, Mow expressed an expectation that Bitcoin would eventually break through the $1 million mark within a year from his statement. He suggested that while this might not occur precisely within this estimated timeline, he remains confident that such a milestone will be reached “soon.
Mow’s Bitcoin salary integration prediction
The Chief Executive Officer (CEO) of JAN3 recently articulated an intriguing perspective on how Bitcoin might become a standard part of our existing financial infrastructure, potentially supplanting traditional fiat currencies. He also expressed his prediction that, within the next ten years, salaries could be paid in Bitcoin.
According to him, a minimum wage will be set at 15 Satoshis per hour. If someone earns 100,000 Satoshis in a year, they would be considered part of the middle class. This equates to 0.001 Bitcoins. Even if Bitcoin’s value reached $1 million, it would only amount to $1,000 for this income level. Mow anticipates that the price of Bitcoin will increase significantly beyond this point in the future.
In about ten years, the minimum wage could reach 15 cents per minute. Earning 100,000 cents (or 1,000 dollars) an hour would position you comfortably within the middle class. Your ordinary friends might find this unexpected.
— Samson Mow (@Excellion) November 12, 2024
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2024-11-12 14:30