Two Crucial Things for New Bitcoin Investors Shared by Samson Mow

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As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I find myself intrigued by the insights shared by Samson Mow, CEO of JAN3 Bitcoin company and a vocal supporter of Bitcoin. His tweet on the volatility and increasing price of Bitcoin serves as a simple yet profound guide for new investors venturing into this digital frontier.

As a seasoned crypto investor, I’ve recently taken note of a tweet from Samson Mow, a prominent Bitcoin advocate and CEO at JAN3 Bitcoin, sharing his extensive insights on the intricacies of traditional fiat currencies and the art of investing in Bitcoin.

Mow thinks that the guidance he’s giving on Bitcoin and its value relative to traditional currencies will help simplify things for novice investors dipping their toes into the largest digital currency market.

Two important things about Bitcoin from Mow

Mow emphasized that new Bitcoin investors should understand two key points: Firstly, the value of Bitcoin in traditional currency can fluctuate significantly, and secondly, while the trend might suggest growth, it’s important to note that the value of Bitcoin in traditional currency does not always rise.

“Once you understand those two things, the journey is simple,” the JAN3 boss concluded his tweet.

As a researcher delving into the world of #Bitcoin, it’s crucial to grasp two key aspects that can significantly impact your investment:

— Samson Mow (@Excellion) September 16, 2024

Over the past few days, from Friday up until now, I’ve observed that the dominant cryptocurrency in the market has experienced a significant drop of approximately 5%. This fall took it down from a recent peak of $60,645 to a low of $57,600. However, today there was a partial recovery as Bitcoin saw a rise of 1.8%, pushing its price up to the current level of $58,600.

Just prior to the recent drop in price, there was a significant increase of around 13% for Bitcoin. This growth occurred from September 8 (where it was trading at $53,660) up until September 13, when it surpassed the $60,000 mark.

Based on his earlier tweet, Samson Mow doesn’t foresee a significant drop in Bitcoin’s price. He finds it improbable because Bitcoin has historically rebounded swiftly after market crashes. In his view, a crash similar to Black Friday is unlikely for Bitcoin.

Mow says $100,000 is “bearish estimate” for Bitcoin

A week ago, Mow posted a tweet suggesting that Bitcoin’s price may exceed six digits, despite upcoming significant shifts in the U.S. government happening in November this year.

According to the head of JAN3, their projection for Bitcoin’s value is generally pessimistic. However, my personal viewpoint is optimistic: I strongly believe that the primary cryptocurrency could potentially hit a value of $1 million soon, possibly within the next year or so.

In addition to Mow, renowned financial expert and author of “Rich Dad Poor Dad”, Robert Kiyosaki, anticipates a significant increase in Bitcoin’s value in the near future. His primary reasoning is the escalating U.S. national debt, which, based on his calculations, increases by approximately $1 trillion every 100 days.

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2024-09-17 11:49