Crucial Bitcoin (BTC) Price Statement Made by Samson Mow

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Samson Mow, a renowned Bitcoin maximalist and the chief executive officer at the JAN3 company focused on helping nation-states with BTC adoption, has addressed the community of his followers on the X social media platform with an important statement about the Bitcoin price.

Here's when BTC "sale" will be over, per Mow

Mow offered his take on the current overall state of BTC price trajectory and shared that he expects the $100,000 price level (“$0.01 million” as he referred to it in his tweet) to become the threshold for the end of the “Bitcoin sale” that is taking place on the market at the moment. He wrote: “Any price under $0.1M is still #Bitcoin on sale.”

Mow is a believer that the world’s leading cryptocurrency, Bitcoin, will eventually soar above the $1 million level, and he expects it to happen within a year from this summer, according to a tweet that he published recently.

Earlier this week, Mow shared the categories of people, so to say, that are most likely to bet on Bitcoin as a risk-off asset. Those are “people that understand money,” people who live in countries suffering from inflation and from oppressive regimes. Investors with low time preference are also on that list by the JAN3 boss.

Bitcoin price jumps 6%

On Friday, Aug. 23, Bitcoin surprised the market by soaring more than 6% in price value. BTC jumped from the $60,700 level and reached the $64,450 zone. By now, digital gold has gone down a little and is changing hands at $64,230.

This massive Bitcoin price spike was noticed after the head of the Fed Reserve bank Jerome Powell made a statement, saying that the “time has come” for Fed cuts, thus indicating a strong signal that the Fed Reserve is determined to finally begin reducing the interest rates.

However, according to Wall Street Journal, it will depend on a balance of risks across the U.S. economy.