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Bitcoin Advocate Expects New ATH Soon

May 7, 2024

Former CSO of Blockstream, Samson Mow, who is now the chief executive at Bitcoin-focused Jan3, predicts that Bitcoin will surge to a new all-time high. Mow often uses "The Matrix" movie as a metaphor to talk about Bitcoin and its potential. He recently tweeted an animated GIF from the movie reflecting his positive expectations for Bitcoin.

In recent days, Bitcoin's price experienced a significant increase, rising by over 10%, reaching $65,180. The Grayscale spot ETF had its first inflow of $63 million on Friday, driving the price higher. After encountering a 3% drop in the past 24 hours, Bitcoin has partially recovered, currently trading at $62,285.

Mow remains bullish on Bitcoin's future, stating that money under the control of others will cease to be money and believes that Bitcoin will eventually reach $1 million. He also mentioned that Bitcoin put an end to the "monetary dark ages" when it was launched in 2009, referring to Satoshi Nakamoto, the mysterious creator of Bitcoin.

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