Samson Mow, CEO of the company Jan3 focused on helping nation-states adopt the leading cryptocurrency, took to his X account to send an important message about BTC and its mysterious creator to the community.
Samson Mow, CEO of the company Jan3 focused on helping nation-states adopt the leading cryptocurrency, took to his X account to send an important message about BTC and its mysterious creator to the community.
Mow recalled the so-called “Bitcoin day”, January 3, 2009. The day was only called that many years later. Mow tweeted that a fundamental change to the global monetary system took place that day.
“The monetary dark age is over”
Mow tweeted that on January 3, 15 years ago, a new era in monetary history began when “the monetary dark ages ended.” January 3 is believed to be Bitcoin Day, as that day was a timestamp for Bitcoin’s genesis date, according to a headline that appeared in the Times. That article also contained comments about the instability imposed on the economy by fractional reserve banking. Interestingly, the company name Mow is similar to Bitcoin’s day: January 3.
Overall, 2008 and 2009 were the years of the mortgage bond crisis, which is believed to have pushed Satoshi Nakamoto to create Bitcoin. To support the economy back then, the Federal Reserve began printing additional US dollars, injecting them into the economy in an act of quantitative easing.
Satoshi launched Bitcoin in 2009, and the following year he suddenly left Bitcoin in the hands of developers and disappeared from public view to start new projects.
Mow: Diamond BTC holders appear now
In another recent tweet, Mow shared his thoughts on how “diamond-handed Bitcoin holders” are emerging in the market. They are usually not simply born, Mow believes: “they are forged through extreme pressure,” similar to real diamonds.
Once a massive new Bitcoin crash occurs, Mow said, and the market first dips into it and then recovers, more of those “Bitcoin diamond hands” are created since they buy the dip. Those who oppose “diamond hands” are called “paper hands” in the cryptocurrency market as they easily dump their holdings once the price starts to show a major correction.
At the time of writing, the leading cryptocurrency is changing hands at $64,445. Over the weekend, Bitcoin managed to print an impressive recovery, recovering 9.16%.
