Samson Mow, the CEO of JAN3, a prominent figure in the cryptocurrency community, recently made a bold statement about Bitcoin's price. In a tweet, Mow suggested that Bitcoin being under $100,000 is artificial and urged people to enjoy it while they can.
According to Mow, in order for Bitcoin to surpass the $100,000 mark, it first needs to exceed its previous all-time high of $73,750. Once this milestone is achieved, Mow believes that a demand shock will kick in and propel Bitcoin's price above $100,000.
Mow has even gone as far as to predict that Bitcoin could reach $1,000,000 within the next year, emphasizing that it is only a matter of time before this milestone is reached.
Max Keiser's "5 Stages of Bitcoin Mastery"
Max Keiser, a well-known Bitcoin advocate and advisor to the president of El Salvador, Nayib Bukele, recently outlined the "5 stages of Bitcoin mastery" in a conversation with his followers. These stages describe the evolving attitude of investors towards Bitcoin, culminating in the belief that "everything is going to zero against Bitcoin."
The stages include: discovering Bitcoin, admiring Bitcoin, adopting Bitcoin for payments, recognizing Bitcoin as a new asset class, and ultimately viewing Bitcoin as the best store of value ever.
Keiser noted that El Salvador is currently in the process of implementing the third stage, where Bitcoin is being used as legal tender. He also expects the United States to soon reach the fourth stage, where Bitcoin is recognized as a new asset class and the best store of value.
Analysis:
Both Samson Mow and Max Keiser are influential figures in the cryptocurrency space, and their insights provide valuable perspectives on Bitcoin's price potential and evolving role in the financial world. Mow's suggestion that Bitcoin's price is artificially held below $100,000 highlights the ongoing debate about market manipulation and the true value of cryptocurrencies.
Keiser's "5 stages of Bitcoin mastery" offer a roadmap for investors to understand and appreciate Bitcoin's unique properties and potential as a store of value. As more countries and investors embrace Bitcoin, its price and importance in the global economy are likely to continue to rise.
Overall, both Mow and Keiser's perspectives underscore the growing significance of Bitcoin and cryptocurrencies in the financial landscape, urging individuals and institutions to pay attention to this evolving asset class.