CEO of JAN3, Samson Mow, commented on the recent Bitcoin dip, labeling it as temporary. He expects the cryptocurrency's price to recover soon.
Definition of 'FakeDip'
Samson Mow uses the term 'FakeDip' to describe a brief drop in Bitcoin's price that he considers 'fake'. Over two days, Bitcoin fell by 4.14%, which amounts to $108,860, landing at $104,350 today, with attempts to recover to $105,480.
Economic Conditions and Market Influence
Analysts believe that price decreases for Bitcoin are normal ahead of interest rate decisions. Simultaneously, military conflicts in the Middle East also affect the market, causing investors to seek refuge in traditional assets like gold.
Economists’ Opinions on Interest Rates
Economists expect the Federal Reserve not to change interest rates, as it may negatively impact the US economy. Dr. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, stated that cutting rates under the current circumstances would be 'irresponsible' due to the uncertainty related to Donald Trump's tariffs.
According to Samson Mow and several economists, market changes and brief price dips in Bitcoin should not invoke panic among investors. Recovery forecasts remain positive.
