Samson Mow, CEO of JAN3 and a well-known Bitcoin advocate, has made a statement regarding the current Bitcoin price, claiming that it is being artificially kept below $100,000.
Artificial Bitcoin Price
Samson Mow once again referred to the $100,000 price level. This time, he hinted that Bitcoin is being artificially held under that mark. His tweet said: 'Bitcoin under $0.1M is artificial. Enjoy it while you can.'
Mow's Bitcoin Price Prediction
In early June, Mow touched on this topic again, stating that for Bitcoin to exceed $100,000, the largest cryptocurrency first needs to surpass its all-time high of $73,750 achieved in March. After that, he said, the ensuing recursive demand shock will drive BTC above the $100,000 price line. In one of his summer tweets, Mow predicted that Bitcoin's price would soar to a staggering $1,000,000 within the next year.
Max Keiser's Stages of Bitcoin Mastery
Another prominent Bitcoiner and advisor to El Salvador’s President Nayib Bukele, Max Keiser, described five stages of Bitcoin mastery. These stages reflect investors' attitudes toward Bitcoin as they gradually understand and appreciate its value. The first stage is: 'I just heard about BTC, I can fix it.' The second one shows an investor’s admiration for Bitcoin, even though it is not as high as that for altcoins. This is followed by the beginning of BTC adoption for payments. Then Bitcoin becomes a new asset class and the 'best store of value ever.'
Mow's and Keiser's statements shed light on Bitcoin's potential future and market expectations. The community continues to watch for price developments and potential increases.
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