“Despite the climate of fear, Bitcoin will reach $100,000!”

Jan3 CEO Samson Mow stated that the Bitcoin price fell due to the climate of fear and that the selling pressure in question will not last long.

Mow, CEO of #Bitcoin technology company Jan3, stated that analysts who predict that the BTC price will return to $40,000 are spreading fear in the cryptocurrency market.

Stating that speculations about the price drop are caused by fear rather than technical structure, Mow said the following:

“The bears who say that the BTC price will fall to $40,000 have no basis for these predictions other than the fear they have created themselves”

Arguing that the climate of fear is behind the recent market decline, Mow said the following:

“Can fear move the market? Of course. But this never lasts long because the foundations gain over time. Even the resolution of some of the biggest scams like #FTX cannot keep prices down.”

Reminding that the macroeconomic outlook in the US is negative, Mow predicted that the BTC price will rise as institutional investors also start to show interest. Mow drew attention to the significant amount of interest the US pays for its debts every day.

Stating that the US debt is increasing by $3 billion per day and that fund companies have started to buy BTC, Mow commented, “Bitcoin can easily go up to $100,000.”

The Kobeissi Letter stated that the daily interest expense of the US government for its debt of $3 billion is three times the amount paid 10 years ago. Explaining the magnitude of the situation by saying, “Debt crisis is an understatement,” the analyst said that the cryptocurrency rally is imminent.