Samson Mow, CEO of Bitcoin technology firm Jan3, believes that bearish predictions of Bitcoin dropping to $40,000 are primarily driven by fear, not technical fundamentals.
In a Sept. 6 post, Mow argued that Bitcoin could just as easily hit $100,000, citing macroeconomic factors like the U.S. government’s growing debt and increased corporate interest in Bitcoin.
He emphasized that while fear can influence the market in the short term, fundamentals tend to prevail over time. Despite Bitcoin trading below $60,000 recently, Mow remains optimistic, dismissing the bearish sentiment as "self-induced fear."
