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Bitcoin To ‘Godzilla Directly Surpasses ATH’ Despite Carnage: Samson Mow
Yuri Molchan
Bitcoin Proponent Samson Mow Says BTC Value Now Realistically Needs to Surpass $100,000
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Samson mows downformer CSO of Blockstream and currently CEO of the Bitcoin-focused company JAN3, took to the X platform (formerly known as Twitter) to share his opinion on the current Bitcoin price crash.
He also said that realistically the value of Bitcoin should already exceed $0.1 million and reiterated that he expects a Godzilla candle to appear soon.
“Bitcoin Scam Crash; Price Expected to Be Above $0.1 Million”
Mow commented on the bloodbath that the world’s leading cryptocurrency, Bitcoin, has been going through recently. The influencer is confident that it is “artificial price suppression” – he said that the timing of this massive Bitcoin correction coincides with large transfers of BTC made by the German government and Mt. Gox during a period of low liquidity.
This all seems “too perfect,” Mow said. He called what’s happening now a manufactured “scam crash” for Bitcoin. If it weren’t for this crash, Bitcoin would “realistically” be worth more than $100,000 right now, according to the JAN3 CEO.
This week, the The US government has transferred as much as $75 million in Bitcoin to the largest cryptocurrency exchange in the United States, Coinbase.
Most of these funds were seized when the Darknet marketplace, Silk Road, was shut down more than 10 years ago, and confiscated following operations against hackers or scammers.
In total, more than $241 million in BTC has been transferred to Coinbase and other centralized cryptocurrency exchanges, such as Bitstamp and Kraken, this week. The German government has also sold large holdings of BTC. Together, these governments have transferred about $700 million in Bitcoin to exchanges.
Additionally, the now-defunct Mt. Gox exchange began its refunds to investors today, transferring 47,229 BTC worth over $2 billion as it prepares to begin payouts. Earlier today, the exchange transferred 1,545 BTC to Bitbank, equivalent to $84.87 million in fiat.
Bitcoin Towards “Godzilla Far Surpasses All-Time High”
As “weak hands” continue to sell off their Bitcoin, Mow tweeted, driven by fears of “a long sell-off” from Mt. Gox and the German government, Mow believes the selling pressure will prove negligible.
Therefore, despite this, Bitcoin will simply “break the all-time high” and reach a new all-time price peak.
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.