Samson Mow, the CEO of Jan3 and a prominent Bitcoin maximalist, ignited a flurry of reactions within the Bitcoin community with a recent post on his X platform account.
In his latest missive, Mow revisited a post from Monday evening, appending a notably bullish prediction regarding Bitcoin’s future price trajectory.
Mow’s bullish sentiment centers around an intriguing visual analogy, wherein he illustrates the scarcity of available Bitcoin in relation to the vast potential capital poised for investment. Depicted in the form of an hourglass, the visual metaphor underscores Mow’s belief in Bitcoin’s enduring value proposition.
Taking to Twitter, Mow reinforced his optimism, asserting that amidst current price fluctuations, one should keep in mind Bitcoin’s inevitable trajectory. This sentiment is emblematic of Mow’s longstanding conviction that Bitcoin has the potential to attain a staggering $1 million per coin.
Nevertheless, Mow expressed surprise at Bitcoin’s recent decline, especially in light of its unprecedented adoption. He urged followers to “BTFD,” or “buy the friendly dip,” suggesting an opportunistic approach to market downturns.
Reacting to Mow’s assertions, members of the Bitcoin community engaged in spirited debate. Mow himself responded to critiques by urging a closer examination of the broader capital landscape, emphasizing that “Available Capital” extends beyond the confines of his illustrative diagram.
Despite Mow’s bullish outlook, Bitcoin has faced ongoing price declines, with recent movements seeing the cryptocurrency slipping from above $71,660 to the $69,000 range over the weekend.
As Bitcoin’s price trajectory continues to capture attention and speculation, Mow’s predictions and the ensuing community dialogue underscore the dynamic nature of the cryptocurrency market and the divergent perspectives within its ecosystem.
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