In a recent social media post, prominent Bitcoin supporter Samson Mow stated that he does not believe in the price of the world’s flagship cryptocurrency falling to $30,000.
In a recent social media post, prominent Bitcoin supporter Samson Mow stated that he does not believe in the price of the world’s flagship cryptocurrency falling to $30,000.
In the tweet, Mow addressed rumors and opinions that have reached his ears recently about a large number of investors expecting Bitcoin to fall to the $30,000 range (“$0.03M range,” as Mow called it. ) to start. stock up on BTC at those levels.
“I think they will be disappointed,” Mow concluded.
Meanwhile, the world’s leading digital currency has fallen below the $40,000 level in the last 24 hours as investors continue to exit Bitcoin ETFs, and Grayscale in particular. Yesterday, Grayscale experienced a massive outflow of 14,292 BTC valued at approximately $565.84 million.
Unlike Grayscale, eight other spot Bitcoin ETF issuers have acquired 9,755 BTC worth $386.24 million. Fidelity, in particular, recorded an inflow of 5,312 BTC worth $210.33 million.
At the time of writing, Bitcoin is changing hands at $39,062, having fallen 4.33% in the last 24 hours.
“Wen $1 million” for Bitcoin?
The Bitcoin community responded with mixed comments in reaction to Mow’s aforementioned tweet. Based on the responses, many wouldn’t mind Bitcoin falling that low so they could buy more digital gold. Many Twitter users who emerged in the comments to Mow’s tweet said they plan to start buying more as soon as Bitcoin drops a little lower than it is now.
Mow believes that Bitcoin will definitely reach $1 million in the future, and now sees Bitcoin prices below $100,000 on the scale of “0.0…” million dollars as in the tweet, where he referred to the $30,000 as “$0.03 million.”
However, Mow doesn’t mention any particular time when he expects Bitcoin to rise to $1 million, so all of his recent tweets about “Bitcoin will hit $1 million” sound pretty metaphorical. He recently explained on for Bitcoin.