Samson Mow: Bitcoin Drop Predictions Driven by Self-Induced Fear

by Giorgi Kostiuk

2 years ago

Made with AI

Predictions and Fears
High Price Support
Fundamentals Prevail

Jan3 CEO Samson Mow stated that predictions of Bitcoin dropping to $40,000 are more driven by fear than by technicals. Examples of such predictions were highlighted in his X post.

Predictions and Fears

Samson Mow pointed out that the bears predicting Bitcoin will drop to $40,000 have no other basis for their predictions than self-induced fear. He emphasized that while fear can move the market, it is a short-term factor. Over time, technical and fundamental factors will still prevail.

High Price Support

According to Samson Mow, Bitcoin could also easily reach $100,000, considering macroeconomic factors such as significant amounts of US government debt interest payments and the growing number of companies holding the asset. He added that the daily debt service cost is $3 billion, and the number of businesses and pension funds investing in Bitcoin continues to grow.

Bitcoin can just as easily go to $100,000 supported by macroeconomic factors, strategic Bitcoin reserves, pension allocations, and corporate purchases.Samson Mow

Fundamentals Prevail

Mow is convinced that while fear influences the market, it is temporary. Fundamental factors inevitably take precedence over time. Even the unwinding of major frauds like FTX cannot keep prices down for long. Mow cited the current price of Bitcoin at $53,824, which has been trading below $60,000 since the end of August.

Jan3 CEO Samson Mow believes that the fear impacting the market in the short term cannot overcome fundamental factors, which prevail over time. His confidence in Bitcoin's long-term prospects is based on macroeconomic data and strategic corporate holdings.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

Mohamed Farouk35 minutes ago

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

Elias Mukuru35 minutes ago

Panel Discussion on Trading Insights at Zoomex After Party

A flagship panel titled 'Where's the Edge' will feature industry KOLs discussing trading strategies and market dynamics.

Kenji Takahashi2 hours ago

Ollie Bearman to Host Interactive QA at Zoomex Event

Ollie Bearman will host an interactive QA session at the ZOOMEX TRADERS AFTER PARTY on October 7, 2026, providing a unique opportunity for traders and motorsport fans to engage directly.

Diego Alvarez2 hours ago

Zoomex to Host Traders After Party at TOKEN2049 Singapore

Zoomex is set to host the ZOOMEX TRADERS AFTER PARTY on October 7, 2026, at Echo Live Party in Singapore, featuring F1 driver Ollie Bearman, live music, and grand prizes.