Samson Mow, the head of Bitcoin company JAN3, recently made a bold prediction on social media. He says a “Godzilla candle” is coming for Bitcoin’s price. This colorful term refers to a sudden price jump that could shake up the crypto world.
Mow isn’t shy about his high expectations for Bitcoin. He believes it should already be worth at least $100,000. When Bitcoin’s price dipped earlier this year, Mow called it a “scam dip.” He blamed this on governments selling large amounts of seized Bitcoin. Even more surprising, Mow thinks $100,000 might be a low estimate for Bitcoin’s future value.
For people new to BTC, Mow shared two essential ideas: Bitcoin’s price will swing up and down a lot, but it will always go up over time. He says if new investors understand these points, their BTC journey will be much smoother.
Bitcoin Nears $64K: Is Mow’s ‘Godzilla Candle’ Coming?
This week, Bitcoin came close to breaking $64,000. It jumped an impressive 7.6% on Wednesday following news from the Federal Reserve. The Fed hinted it might lower interest rates soon. This would be the first rate cut in four years, marking a significant change in how the Fed handles the economy.
The crypto community is buzzing with excitement. Many wonder if Mow’s “Godzilla candle” prediction will come true. It could mean a massive surge in Bitcoin’s value if it does.
Mow’s company, JAN3, focuses solely on Bitcoin. This makes him a “Bitcoin maximalist” who believes Bitcoin is the only cryptocurrency that matters. His strong belief in Bitcoin’s future drives his bold predictions.
As Bitcoin’s price continues to climb, more people are paying attention. New investors might feel confused or worried about the wild price swings. Mow’s advice aims to help them see the bigger picture. He wants them to look past short-term ups and downs and focus on Bitcoin’s long-term growth potential.
The crypto world now watches and waits. Will Bitcoin see the massive price jump Mow predicts? Only time will tell. But one thing’s for sure – the excitement around Bitcoin isn’t dying down anytime soon.
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Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risk.
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