News
Bitcoin (BTC) Crucial Call to World Governments Made by Samson Mow
Yuri Molchan
Bitcoin Maximalist Samson Mow Addresses Governments, Talks BTC
Read U.TODAY on
Google News
Bitcoin advocate and CEO of BTC company JAN3 Samson mows down made a major BTC call, addressing governments of various countries. Mow warned them about the growing importance of the world’s flagship cryptocurrency.
Mow warns global governments
Samson Mow commented on the current state of economies in various countries, including, apparently, the United States. Mow again touched on the subject of fiat money and its inability to support a healthy economy.
He tweeted that it is impossible to fix the economy “because money is broken.” His recommendation is that they should “fix money first,” and added a Bitcoin hashtag.
Mow believes that Bitcoin is very undervalued at the moment, despite the massive sell-off that has taken place in the market recently, according to his recent post X. Mow cited the “Omega Law” when talking about this. He did not clarify what exactly he meant; however, this seems like a clear reference to his previous tweets, where he shared his expectations of a “Omega Candle,” which would take Bitcoin to new all-time highs and then to $1 million.
Mow believes that if BTC doesn’t reach this astronomical price this year, it will happen in 2025 or very soon.
Sell-offs Won’t Hurt Bitcoin, Says Mow
Over the weekend, the JAN3 boss shared that he doesn’t believe the current sell-off will hurt Bitcoin. All the BTC currently on sale, he tweeted, will eventually be consumed by the cryptocurrency market.
Crypto enthusiasts like to compare investors who sell quickly to “paper hands,” and long-term crypto holders are called “diamond hands.” Therefore, Mow believes that investors with diamond hands will buy up whatever “paper hands” are selling. In particular, Bitcoin maxi estimates that Bitcoin will be consumed by spot ETF issuers: BlackRock, VanEck, Grayscale, Bitwise, etc.
They actively bought Bitcoin on a daily basis between mid-January (when these ETFs were approved by the SEC) and April 20, when the BTC halving occurred. After the halving, spot ETFs began to see not only massive inflows, but also outflows, sometimes even daily.
Over the past 24 hours, the largest cryptocurrency on the market has fallen by 3.7%, losing the $62,800 level and falling to the $60,500 zone.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many ways. He has written for several media outlets about cryptocurrencies. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.