Despite Bitcoin's downturn, JAN3's CEO, Samson Mow, still has high hopes for its future. A post was made by the CEO recently on X(formerly called Twitter), reflecting his faith in Bitcoin despite its downturn.
12 Bitcoins were purchased by JAN3, which resulted in 15% returns within a month, significantly making a positive change in the company’s investment portfolio.
Samson Mow's Social Media Post
Recently, the CEO of JAN3 posted on his X profile supporting Bitcoin even after the massive downturn in its price. He said, “ I’m Bullish,” supporting Bitcoin despite its price crash, showing his trust in Bitcoin.
He believes that these fluctuations in the market are bound to happen and are completely normal. He still has his faith in Bitcoin, believing that these up and downs do not fully eliminate the chances of future gains in the arena of Bitcoin.
BTC Downturns, Outflux Detected In EFTs
The decline in Bitcoin’s price this week has added to the agony of investors and traders.
Bitcoin touched its peak price of $85,900 before dropping down to $77,900, making a comeback at $85351, which is its current price.
The price of Bitcoin decreased by 20.3% this week, bouncing back and setting its foot again.
The extraction capital from Bitcoin exchange-traded funds (ETFs) serves as a major reason for its recent price reduction.
Farside Investors data shows the ETF market withstanding 8 successive days of withdrawals that amounted to $275.9 million on February 27.
The recent analysis has demonstrated that the faith of investors has declined due to its massive downturn.
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