Bitcoin will soon skyrocket to six digits, said Jan3 CEO Samsn Mow.
Bears’ prediction of BTC dropping to $40K is just out of “self-induced fear,” Mow said.
Mow added that fear-driven markets “never lasts long” amid Bitcoin’s drop to $54K.
Bitcoin, the world’s leading cryptocurrency, has recently experienced a downturn, dropping from $56,000 to $54,000 and losing nearly 4% of its massive $1.07 trillion market capitalization. However, Jan3 CEO Samson Mow remains optimistic, predicting a bullish reversal soon.
In a post on social media platform X (previously known as Twitter), Mow dismissed bearish predictions of Bitcoin falling to $40,000 as “self-induced fear.” According to the crypto entrepreneur, fear-driven markets “never lasts long” because the fundamentals usually “win out over time.”
Mow pointed to the 2022 surge in Bitcoin’s price despite the FTX collapse, reinforcing his belief that Bitcoin will eventually reach six figures.
He further stated that Bitcoin’s potential for growth is supported by various factors, including quantitative easing, strategic Bitcoin reserves, increasing institutional adoption, and corporate investme…
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