Samson Mow, Bitcoin maximalist and CEO of JAN3, predicts a significant Bitcoin price surge, calling it the 'Godzilla Candle'.
Mow's Bitcoin Prediction
Samson Mow predicts a substantial increase in Bitcoin's price, which he refers to as the 'Godzilla Candle.' 'The Godzilla Candle is coming,' he tweeted on the X platform. Earlier, he also mentioned the 'Omega candle,' describing the size of this candle and the mammoth momentum it will give to BTC price.
Advice for New Investors
Earlier this week, the JAN3 CEO shared two important pieces of advice for new Bitcoin investors. Firstly, he warned, 'the fiat price of Bitcoin will be volatile.' Secondly, he noted, 'the fiat price of Bitcoin will always increase.' Mow claims that understanding these two points will make the journey of new investors simpler.
Bitcoin Rises on Fed Rate Cut News
This week has been productive for Bitcoin due to news of the Fed rate cut. On Thursday, Bitcoin was striving to break above the $64,000 resistance after a 7.6% increase on Wednesday. Bitcoin showed impressive gains after Fed Chairman Jerome Powell announced plans to cut the key interest rate by 50 basis points, marking the first rate cut in the past four years.
Samson Mow's predictions for Bitcoin suggest a possible significant price surge soon. He also provides useful advice for new investors, emphasizing the importance of understanding Bitcoin's volatility and sustainable price growth.
Comments