TL;DR
- Samson Mow offers two key tips for new Bitcoin investors.
- The price of Bitcoin in fiat will be volatile, but in the long term it will always increase.
- Mow predicts that Bitcoin could reach six figures soon.
Samson Mow, the CEO of JAN3 and a tireless Bitcoin advocate, recently shared on his X account (formerly Twitter) two key things that new investors should understand before entering the world of Bitcoin.
According to Mow, the first of these points is to accept that the price of Bitcoin in fiat currencies, such as the dollar or the euro, will inevitably be volatile.
There are two things about #Bitcoin that new investors need to internalize:
1️⃣ The fiat price of Bitcoin will be volatile.
2️⃣ The fiat price of Bitcoin will always increase.Once you understand those two things, the journey is simple.
— Samson Mow (@Excellion) September 16, 2024
Short-term ups and downs are normal in the cryptocurrency market, and should not surprise or scare those who decide to invest in this digital currency.
The second piece of advice Mow emphasizes is that despite this volatility, the price of Bitcoin in fiat will always increase over time.
This sustained long-term growth is what he says should motivate new investors to stay calm during market fluctuations and think of Bitcoin as a long-term investment.
Mow concludes that once investors understand these two basic principles, the path to success with Bitcoin becomes much simpler.
Recently, Bitcoin has shown signs of its well-known volatility, losing 5% of its value in just a few days in September 2024.
However, as he has expressed on several occasions, Mow remains optimistic about the future of this cryptocurrency.
He does not believe that Bitcoin will suffer a drastic drop and has stated that after temporary declines, Bitcoin has always managed to recover quickly.
For Mow, a price of $100,000 per Bitcoin is not only achievable, but he considers it a “pessimistic estimate.”
In fact, JAN3’s CEO believes the flagship cryptocurrency could be worth $1 million in the next few years, with the possibility of reaching this figure as early as next year.
Bullish Bitcoin Predictions from Mow and Others..
This optimism is not unique to Mow.
Prominent figures in the financial world, such as Robert Kiyosaki, author of the bestseller “Rich Dad, Poor Dad“, also predict a significant rise in the price of Bitcoin.
Kiyosaki argues that the United States growing national debt, which he says is adding $1 trillion every 100 days, is driving demand for assets like Bitcoin, which are seen as safe havens from inflation and economic instability.
Meanwhile, the market continues to swing, but forecasts from Mow and other experts like Kiyosaki point to a bright future for Bitcoin.
While volatility is inevitable, the long-term outlook remains positive, and many believe that big gains for those investing in Bitcoin are just around the corner.
In this context, those considering investing in Bitcoin should keep in mind that while the price may drop temporarily, the long-term fundamentals remain strong.
Recent history has shown that Bitcoin has the ability to recover quickly after crashes, and the excitement surrounding the world’s most famous cryptocurrency shows no signs of abating.
For new investors, Mow’s words can be a valuable guide to navigating the exciting, but sometimes turbulent, world of Bitcoin.
