"I Still Bullieve": Samson Mow on Bitcoin Price As BTC Regains $61,000

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Samson Mow, a vocal Bitcoin proponent and CEO at JAN3, a company focused on BTC adoption in nation-states, has published a tweet about BTC and its prospects. In it, Mow sends a clear message that he remains bullish on the world’s pioneer cryptocurrency. This coincided with Bitcoin regaining the $61,000 price mark today.

Mow’s short bullish tweet states: “I still Bullieve”, where the last word is a combination of “bull” and “believe” and the GIF that comes with the post shows a bull from an old cartoon sharpening his horns using a grinding stone which he is moving by pressing a pedal.

Bitcoin falls back to $60,000 after recapturing $61,000

This week so far, Bitcoin has lost approximately 8.7%, falling from $65,890 and finding a local bottom at the $60,170 price level due to the worsening geopolitical tensions in the Middle East. As these events are unravelling, investors are selling Bitcoin and stocks to buy more gold which is traditionally considered a risk-off asset, while BTC is viewed by many investors as a risk-on one. During the last month, gold price has surged by more than 6%, making it a 45.34% surge year-to-date.

Mow has criticized those who are selling Bitcoin “buy paper gold that you can’t move anywhere” if hard times come.

Over the past 24 hours, BTC has managed to pare some of its losses, staging and increase of 1.71%. At the time of this writing, it is changing hands at $60,184 after another plunge occurred just now.

Mow explains why Adam Back is not Satoshi

Samson Mow has refuted the long-running rumors of why Adam Back with whom he used to work in Blockstream, did not create Bitcoin. His company JAN3’s account published an extract from a documentary called “Searching for Satoshi,” for which Mow was interviewed.

The JAN3 CEO published an ironic tweet, commenting on the fact that in that film he was referred to simply as “former colleague of Adam Back.” Mow said that “the thinking and writing styles” of Back “are very different” from the Bitcoin white paper and the messages Satoshi published on the BitcoinTalk forum.

As for the fact that Back disappeared from the public view approximately at the same time as Satoshi did, Mow believes that this was simply a coincidence and nothing more.