This morning, Bitcoin price reached $65,000 in futures trading, reflecting a bullish momentum once again. Alongside this, prominent Bitcoin maximalist and CEO of JAN3, Samson Mow, made statements regarding Bitcoin price structure.
When Will BTC Sales End?
Mow shared his views on the current state of BTC price movement and stated that the $100,000 price level would mark a significant end to the current “Bitcoin sale.” He said: 'Any price below 0.1 million dollars is still Bitcoin on sale.' Mow believes that Bitcoin, occupying the top position among cryptocurrencies, will surpass the $1 million level in the future and expects this to happen within a year from this summer. Earlier this week, Mow opined that those most likely to invest in Bitcoin as a risk-free asset are 'those who understand money' and people living in countries with inflation and oppressive regimes.
How Much is 1 Bitcoin in TL?
On Friday, August 23, Bitcoin saw a noticeable rise. Its price increased by over 6%, jumping from the $60,700 level to reach $64,950. Following a slight pullback, BTC decreased slightly and continues to trade at $64,230. Significant reasons behind the substantial increase in Bitcoin price include the statement by Fed Chairman Jerome Powell about 'the time has come' for a rate cut, which was interpreted as the Fed’s determination to start reducing interest rates. However, according to the Wall Street Journal, this situation will be shaped based on the risk balance in the US economy. Looking at the BTC/TRY pair, it was observed that the price increased by 0.47% to reach 2,189,663 TL.
Bitcoin price is once again showing growth, reaching $65,000 in futures trading. The limitation of supply from sales may lead to further price increases.
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