Bitcoin’s Price Under $100K is Artificially Low, Crypto Advocate Claims
Samson Mow, a prominent advocate of Bitcoin and CEO of JAN3, recently took to Twitter to address the cryptocurrency community, emphasizing his views on Bitcoin's price.
In his latest tweet, Mow suggested that Bitcoin’s current value being below $100,000 is artificially maintained.
REMINDER: #Bitcoin under $0.1M is artificial.
Enjoy it while you can. https://t.co/4sFpUumSQD
— Samson Mow (@Excellion) August 31, 2024
Earlier in June, Mow also commented on Bitcoin’s price trajectory, suggesting that for Bitcoin to break the $100,000 barrier, it first needs to surpass its previous all-time high of $73,750 set in March. He believes that once this level is exceeded, a recursive demand shock will push Bitcoin well above the $100,000 mark.
Mow has previously predicted that Bitcoin could reach $1,000,000 within the next year, though he later adjusted this timeline to the near future.
READ MORE: Economist Predicts Bitcoin Could Hit $100,000 in 3 Months
In related news, Max Keiser, a well-known Bitcoin advocate and advisor to El Salvador’s President Nayib Bukele, recently shared his concept of the “5 stages of Bitcoin mastery” on the X platform. These stages illustrate the evolving attitudes of investors towards Bitcoin, from initial curiosity to deep appreciation and eventual recognition of Bitcoin as a superior store of value.
The stages include: initial awareness of Bitcoin, growing admiration, adoption for transactions, recognition as a new asset class, and ultimate acknowledgment as the best store of value.
Keiser noted that El Salvador is currently experiencing the third stage, where Bitcoin adoption is actively being implemented. He anticipates that the fourth stage—viewing Bitcoin as a new asset class and top store of value—will soon be adopted in the U.S. as well.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
