TL;DR
- Samson Mow, CEO of Jan3 and a prominent Bitcoin advocate, asserts that the cryptocurrency will never drop below $60,000 again.
- BTC has seen a notable surge, reaching $63,000, driven by positive economic reports and the conclusion of government BTC sales in Germany.
- Samson aims for Germany to reclaim at least a portion of the 50,000 BTC it sold and use them as a store of value.
Samson Mow, a well-known Bitcoin (BTC) advocate and CEO of the cryptocurrency adoption-focused firm Jan3, has reaffirmed his optimistic forecast about the future of the leading cryptocurrency. Mow confidently stated that Bitcoin will never again fall below the $60,000 mark in the market. His prediction is based on several key events within the BTC ecosystem, which Mow believes will strengthen its long-term position and value.
Among the factors supporting his prediction, Mow specifically mentions Bitcoin’s recent halving in April this year. The reduction in rewards, from 6.25 to 3.125 BTC, has historically coincided with periods of price increases due to reduced supply in the market. Additionally, he noted the increasing BTC purchase activity through Bitcoin exchange-traded funds (ETFs) since early this year, following approval in the United States.
🤝 https://t.co/LzLP1DknnA pic.twitter.com/He08cWEz0D
— Samson Mow (@Excellion) July 15, 2024
Mow Wants Germany to Recover its Bitcoin
Recent market events also support Mow’s assertion. In recent days, Bitcoin experienced a strong surge, reaching $63,000 after rising by 19% in the last week. This increase was driven by various factors, including a better-than-expected Consumer Price Index report and the conclusion of BTC sales by the German government, which had exerted some pressure on the market.
In addition to his forecast, Mow has expressed his desire to see BTC reach $1 million per unit in the near future. This goal, while ambitious, reflects his confidence and conviction in BTC’s transformative potential across all areas of the global economy.
Regarding future plans, Mow has announced concrete intentions to collaborate with German MP Joana Cotar in October. Their proposal aims for Germany to recover at least a portion of the 50,000 BTC it previously sold, as part of a national strategy to promote BTC adoption as a store of value
