Samson Mow, former CSO of Adam Back’s company Blockstream and now CEO of Bitcoin-focused Jan3, has made a bullish statement on BTC as he expects the price to rise towards a new all-time high.
Samson Mow, former CSO of Adam Back’s company Blockstream and now CEO of Bitcoin-focused Jan3, has made a bullish statement on BTC as he expects the price to rise towards a new all-time high.
New Bitcoin ATH soon: Samson Mow
In his recent tweet, Mow posted an animated GIF from the movie “The Matrix.” The well-known creation of the Wachowskis is a metaphor that Mow often uses when he talks to his X followers about Bitcoin and the new highs he expects BTC to reach.
Mow’s tweet shows that he expects the world’s leading cryptocurrency to hit a new all-time high “soon.” The previous ATH was reached in March, when Bitcoin skyrocketed to $73,750.
Over the weekend, the price of Bitcoin saw a massive surge, rising over 10%. BTC hit $65,180 on Monday, boosted by the Grayscale Spot ETF recording first inflows of $63 million on Friday.
It was the first positive flow of this Bitcoin spot ETF since the approval issued by the SEC in mid-January. Prior to that first entry, GBTC had regularly seen investors withdraw funds from it (approximately $26 billion) primarily due to Grayscale’s fees being much higher than other spot Bitcoin ETFs.
In the last 24 hours, Bitcoin first fell 3% and has now recovered 1.70%, changing hands at the $62,285 level.
On Monday, Mow made another bullish statement about Bitcoin. The Jan. 3 boss tweeted that money that is under the control of others “will inevitably cease to be money…Money can only exist without degradation as long as it is a bearer. #Bitcoin.” Over time, Mow believes, Bitcoin will inevitably reach a staggering $1 million price level. And it will happen after Bitcoin’s “Omega candles” start appearing on the charts.
“The monetary dark age ended” with the launch of Bitcoin
On Sunday, Samson Mow tweeted that “the monetary dark ages ended on January 3, 2009,” clearly referring to the enigmatic creator of Bitcoin, Satoshi Nakamoto, and the launch of BTC on that date.
January 3 is often known as Bitcoin Day. In 2009, a timestamp was noted for the genesis of BTC, as the headline of a Times article said. That article also published comments about the economic instability caused by fractional reserve banking.
