According to U.Today, Samson Mow, the former Chief Security Officer at Blockstream and current CEO at Bitcoin-focused Jan3, has predicted a surge in Bitcoin's price towards a new historic peak. Mow, known for using metaphors from 'The Matrix' movie in his discussions about Bitcoin, recently tweeted his expectation for the world's leading cryptocurrency to reach a new all-time high soon. The previous all-time high was achieved in March when Bitcoin soared to $73,750.
Over the past weekend, Bitcoin's price saw a significant increase, rising by over 10%. On Monday, Bitcoin reached $65,180, driven by the Grayscale spot ETF's first inflow of $63 million on Friday. This was the first positive flow for this spot Bitcoin ETF since its approval by the SEC in mid-January. Before this inflow, GBTC had regularly seen investors withdrawing funds, approximately $26 billion in total, primarily due to Grayscale's fees being much higher than other spot Bitcoin ETFs.
In the past 24 hours, Bitcoin initially dropped 3% but has since recovered 1.70%, trading at the $62,285 level. Mow made another bullish statement on Bitcoin on Monday, tweeting that money under others' control 'will inevitably cease to be money...Money can only exist without degradation so long as it is bearer. #Bitcoin.' Mow believes that Bitcoin will eventually reach an astounding price level of $1 million, following the appearance of 'Omega candles' on the charts.
On Sunday, Mow tweeted that 'the monetary dark ages ended on January 3, 2009,' referring to the launch of Bitcoin by its enigmatic creator, Satoshi Nakamoto. January 3 is often referred to as Bitcoin Day, marking the genesis of BTC. The launch of Bitcoin was a response to the economic instability caused by fractional reserve banking.