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In a recent statement on X (formerly known as Twitter), Samson Mow, a leading Bitcoin maximalist and CEO of JAN3, has stirred excitement among the crypto community with his bold prediction about Bitcoin’s price trajectory. Mow, who champions Bitcoin adoption for nation-states through his company, addressed his followers with a significant forecast for the world’s foremost cryptocurrency.
According to Mow, the current market situation represents a “sale” on Bitcoin, suggesting that the $100,000 mark—referred to in his tweet as “$0.01 million”—is the threshold indicating the end of this discount period. He emphasized, “Any price under $0.1M is still #Bitcoin on sale.” Mow’s assertion is based on his belief that Bitcoin is on a path to surpass $1 million, a milestone he anticipates could be reached within the next year.
Mow’s outlook is grounded in his view that Bitcoin’s value will rise significantly, driven by various factors, including its appeal as a “risk-off” asset. He identifies potential investors as those with a deep understanding of financial principles, individuals from countries plagued by inflation or oppressive regimes, and those with a long-term investment horizon.
The recent surge in Bitcoin’s price reinforces Mow’s optimism. On August 23, Bitcoin experienced a notable spike of over 6%, climbing from $60,700 to a peak of $64,450 before settling around $64,230. This price surge followed a pivotal statement from Federal Reserve Chairman Jerome Powell, who hinted at impending cuts to interest rates. Powell’s comments, suggesting a shift in Fed policy, were seen as a significant signal of potential economic adjustments, impacting investor sentiment and Bitcoin’s appeal.
Also Read: Bitcoin Buyer Interest Hits 39-Day High As Fed Signals Interest Rate Cuts
Despite this recent price jump, Mow’s message remains clear: Bitcoin is still undervalued at its current price. His prediction aligns with a broader narrative that Bitcoin could serve as a hedge against economic instability and inflation, reinforcing its status as a valuable asset in uncertain times.
As the cryptocurrency market continues to evolve, Mow’s insights offer a provocative perspective on Bitcoin’s future, encouraging both seasoned and new investors to consider the potential benefits of holding this digital asset.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
