Samson Mow, an active Bitcoin supporter and CEO of Jan3, posted a tweet about the recent surge in demand for BTC, which now greatly exceeds the supply of Bitcoin.
Samson Mow, an active Bitcoin supporter and CEO of Jan3, posted a tweet about the recent surge in demand for BTC, which now greatly exceeds the supply of Bitcoin.
He also made a prediction that a new conflict is likely to arise soon around the world’s flagship digital currency.
January 3 Boss’s Bitcoin Bullish Call
Bitcoin OG Samson Mow, who used to work as CSO at Adam Back’s Blockstream, reminded his audience on Platform X that American spot Bitcoin ETFs continue to purchase massive amounts of BTC on a daily basis.
Currently, he specified, these ETFs are obtaining approximately 1,626 BTC per day. However, now it is only these exchange-traded funds that are hoarding a large amount of Bitcoin on a regular basis. Aside from them, there is also MicroStrategy, run by Michael Saylor, which purchases 199 BTC per day, Mow claims, and Tether, which purchases 70 BTC per day.
Samson concluded that with only 450 BTC minted daily since the new halving in April, overall aggregate demand for the leading cryptocurrency has likely exceeded available supply by 5 to 10 times. “Plan accordingly,” is the advice he gave to the Bitcoin community.
Big new Bitcoin conflict on the horizon, says Mow
In a recent interview, an excerpt of which was shared by the official account on January 3 this week, Mow shared that he hopes a new Bitcoin conflict will occur soon. He’s not sure when exactly it will happen, but he will “make the last one pale in comparison,” according to Samson.
The above Bitcoin conflict would seem like “a couple of kids in the schoolyard slapping each other.”
Mow believes that the reason why a new Bitcoin war may occur is that many things here have changed and BTC has become popular, so much bigger players are now emerging than before. If 10 years ago the community believed that Coinbase and Bitmain were the big guys, Mow explained, now the giants BlackRock and Fidelity are involved with BTC.
The new conflict could be over Bitcoin’s block size, according to Mow, or anything else, such as adding “a travel rule to Bitcoin.” And this conflict will be 10 or 100 times greater than in the past.
