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U.Today - Samson Mow, a rigorous Bitcoin advocate and CEO of the BTC-focused company JAN3, has addressed the crypto community, sharing his take on the current situation on the Bitcoin market.
Mow believes that the world’s largest cryptocurrency, Bitcoin, has entered a season where is it likely to reach a new historic price peak. Even though he did not mention BTC directly, there is no other crypto he routinely tweets about.
"Feels like ATH season": Samson Mow
The previous all-time high was reached at the $109,114 level on Jan. 20. Since May 8, Bitcoin has been back above the $100,000 price mark, after a trade deal between the U.S. and China was announced and both countries radically reduced trade fees on each other’s imports. Over the past week, it traded above $104,000, reaching $107,136 earlier today.Over the weekend, Bitcoin spiked by roughly 4.3%, going up from $102,750 to $107,140. However, by now, the price has faced a major pullback of 4.5%. By now, after a small recovery, BTC is trading at $102,930 per coin.
Last week, two major experts also predicted a new all-time high for Bitcoin this year. The author of the popular book on finance management “Rich Dad Poor Dad,” Robert Kiyosaki, tweeted on Saturday that he predicts BTC to reach $250,000 this year. On Friday, Galaxy Digital (TSX:GLXY) CEO Mike Novogratz told CNBC he would expect Bitcoin to begin going higher this year, reaching first $130,000 and then $150,000.
On the day, when BTC soared above $100,000, Samson Mow tweeted that it was now “too late to buy Bitcoin under $0.1 million.”
Hundred of trillions of dollars Bitcoin warning from Mow
A day after Bitcoin skyrocketed above $100,000, Samson Mow published an X post with a reminder about Bitcoin scarcity against the U.S. dollar. He tweeted that while BTC is hard-capped to 21 million coins, there are “trillions of dollars out there.”It should be noted that Bitcoin acquisition has already begun at the government level. Earlier this year, the U.S. President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve. The government already holds 200,000 BTC confiscated from illicit activities, and according to Bo Hines, it is looking at how they could buy more BTC.
Besides, two U.S. states have passed a law on the same topic — to start buying and holding Bitcoin: Arizona and New Hampshire.