⛔ Bears betting on $40K BTC! SELF-INDUCED FEAR??

In the face of recent price dips, Jan3 CEO Samson Mow believes Bitcoin's bearish predictions are more rooted in fear than solid fundamentals. Mow's take? These doom forecasts, predicting Bitcoin could hit $40,000, are based on "self-induced fear" rather than any substantial evidence.

“Bitcoin can hit $100K just as easily!” While Bitcoin has traded below $60K for over a week, Mow thinks we could just as likely see $100,000 on the charts. His reasoning points to significant macroeconomic pressures, such as the U.S. paying $3 billion in daily interest on its debt and the rise of corporations holding Bitcoin.

Bears? Based on fear: Mow says bearish predictions have no real basis, adding that Bitcoin’s fundamentals remain strong, especially with governments and pensions eyeing BTC. Even the collapse of major players like FTX hasn't suppressed Bitcoin’s long-term potential. "Fear-driven markets don't last," Mow reiterates. He believes fundamentals always win, with the market stabilizing as businesses accumulate Bitcoin.

The Fear Index is real:

The Crypto Fear & Greed Index currently sits at 23 (Extreme Fear), adding to short-term anxiety. However, Mow and others argue that this fear won't have the final word.

Meanwhile, some like BitMEX’s Arthur Hayes are preparing for Bitcoin to drop below $50K in the coming days. "Pray for my soul, for I am a degen," Hayes quipped.

Despite the -5.75% dip over the past 30 days, Bitcoin remains a powerhouse, and for many, it's not about if it’ll rally again—but when.

👇 Where do you see $BTC go from here?

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