U.Today – Samson Mow, a vocal maximalist and CEO of JAN3, has posted a reminder to the global cryptocurrency community, speaking about Bitcoin in his recent tweet.
“Artificial” price of Bitcoin
Once again, Mow referenced the $100,000 price level. This time, Mow implied that Bitcoin is artificially held below that mark. His tweet reads: “Bitcoin below $0.1M is artificial. Enjoy it while you can.”
Earlier in June, the JAN3 boss also addressed that topic. According to that tweet, Mow believes that in order to finally break $100,000, the world's largest cryptocurrency, Bitcoin, needs to first surpass the all-time high of $73,750 it managed to hit in March.
After that, Mow continued, the recursive demand shock will kick in and push BTC above the $100,000 price line.
In one of his tweets posted this summer, Mow said he expects the price of bitcoin to skyrocket to a whopping $1,000,000 over the course of the next year. Even if that happens later, he later said, it remains a matter of the near future.
Max Keiser reveals five stages of “Bitcoin dominance”
Another prominent Bitcoiner and Bitcoin advisor to El Salvador President Nayib Bukele, Max Keiser, has struck up a conversation with his cryptocurrency followers on the X platform by posting “5 Stages of Bitcoin Dominance.”
These describe the stages of cryptocurrency investors' attitude towards Bitcoin as they begin to appreciate and understand BTC more strongly and eventually arrive at Max Keiser's famous thesis that “everything is going to zero against Bitcoin.”
The first stage is “I just heard about BTC, I can fix it.” The second stage shows an investor’s admiration for Bitcoin, although it is not as high as that for altcoins. This is followed by the beginning of using BTC for payments (adoption). Bitcoin then becomes a new asset class for investors and the “best store of value ever.”
Saying that the third stage is already being implemented in El Salvador, where Keiser is the president’s advisor on BTC, he admitted that these stages describe not only retail investors but also countries. Keiser expects the fourth stage (“BTC = new asset class; the best store of value in history”) to soon come to the US as well.
This article was originally published on U.Today
