According to U.Today, Samson Mow, CEO of Jan3, is an open Bitcoin supporter who is optimistic about the future of Bitcoin. He recently made an important statement on Twitter, saying that many short-term holders are selling their Bitcoin due to recent market dynamics, which is a key Bitcoin indicator. He called these sellers "weak hands", while holders of "diamond hands" continue to buy the world's first cryptocurrency and increase their reserves.
Over the past 24 hours, Bitcoin has experienced a small drop before quickly recovering. Prior to the drop, the leading digital currency showed a 2.56% increase on Friday. At the time of writing, Bitcoin is trading at $68,130.
Mow also compared spot-based Bitcoin exchange-traded funds (ETFs) to Neo, the protagonist of The Matrix. He believes that these ETFs have penetrated deep into the traditional financial system. He predicts that Bitcoin may destroy the old system and replace the US dollar in the future.
Mow firmly believes that the price of Bitcoin will reach $1 million. He has mentioned this several times recently, especially on the eve of the upcoming Bitcoin halving event. He believes that Bitcoin ETFs are creating a Bitcoin demand shock, while the Bitcoin halving will create a supply shock, and these two "shocks" will inevitably drive the price to unimaginable heights.
