{"id":571023,"date":"2024-01-23T23:50:04","date_gmt":"2024-01-23T23:50:04","guid":{"rendered":"https:\/\/ktsl888.com\/?p=571023"},"modified":"2024-06-11T14:44:54","modified_gmt":"2024-06-11T14:44:54","slug":"bitcoin-evangelist-says-investors-will-be-crushed-expecting-bitcoin-at-30000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-evangelist-says-investors-will-be-crushed-expecting-bitcoin-at-30000\/","title":{"rendered":"Bitcoin Evangelist Says Investors Will Be Crushed Expecting BTC At $30,000"},"content":{"rendered":"

In the midst of the tumultuous landscape of the price volatility of Bitcoin, a prominent figure stands out, exuding unwavering optimism amidst the chaos: Samson Mow, the self-proclaimed evangelist of the cryptocurrency.<\/p>\n

Recently transitioning from his Chief Strategy Officer role at Blockstream to assume the position of CEO at Jan3, an entity focused on facilitating Bitcoin adoption at a nation-state level, Mow is placing a substantial bet on the future of the digital gold.<\/p>\n

Related Reading: Celsius Dump Triggers Ethereum Dive: $35 Million Sell-Off Sends ETH Price Crashing<\/a><\/div>\n

Bitcoin Proponent Sees Investor Hopes Dashed<\/strong><\/h2>\n

Amidst whispers of a potential plunge below the $30,000 mark, Mow remains resolute in his positive outlook. Dismissing concerns, he took to Twitter, stating, “I think they’ll be disappointed.”<\/p>\n

This declaration comes in the wake of Bitcoin experiencing a dip below $38,000,<\/a> attributed to a significant sell-off of Bitcoin Exchange Traded Funds (ETFs), particularly the Grayscale behemoth. A staggering 15,000 BTC, equivalent to $566 million, exited the market, leaving Grayscale with empty coffers.<\/p>\n

\n

From what I’m hearing, a good amount of investors are thinking #Bitcoin<\/a> will drop to the low $0.03M range and waiting to buy then. I think they’ll be disappointed.<\/p>\n

\u2014 Samson Mow (@Excellion) January 22, 2024<\/a><\/p><\/blockquote>\n

However, the cryptocurrency landscape is not devoid of conflicting sentiments. While Grayscale is shedding its BTC holdings, other ETF issuers are adopting a different stance. Notable among them is Fidelity, which acquired 9,755 BTC, amounting to $386 million.<\/p>\n

Fidelity emerged as the leading player, securing 5,312 BTC, valued at $210 million. This divergence in approaches indicates that not all market participants are hastily divesting their Bitcoin assets.<\/p>\n

<\/p>\n

BTC market cap at $761 billion on the daily chart: TradingView.com<\/a><\/pre>\n
On Dips And Pains<\/strong><\/h2>\n
Within the community, opinions diverge, creating a symphony of mixed notes. Some participants, in response to Mow’s tweet, express enthusiasm for a potential bargain sale of the top crypto, eagerly anticipating an opportunity to accumulate more during the dip. Others brace themselves for what they term “max pain,” envisaging a scenario akin to Mow’s own predictions of a Bitcoin surge to $1 million.<\/p>\n
Related Reading: XRP Crash Fears Mount As Whale Dumps 26 Million Tokens \u2013 Details<\/a><\/div>\n
The concept of “max pain” is adapted from traditional financial markets and suggests that markets will likely follow the “Max pain theory,” which indicates that markets will likely follow the path that causes the maximum financial pain to the most significant number of market participants.<\/p>\n
\n
Max Pain Theory indicates a flush of the #Bitcoin<\/a> shorts is next. https:\/\/t.co\/zuJe2vpEEX<\/a><\/p>\n
\u2014 Samson Mow (@Excellion) January 14, 2024<\/a><\/p><\/blockquote>\n
How About A Million For Bitcoin?<\/strong><\/h3>\n
In the context of Bitcoin, Mow believes that a quick rise to $1 million would disrupt the strategic plans of many, including nation-states and companies looking to invest in Bitcoin.<\/p>\n
In the area of monetary innovations, Mow has released a significant comment regarding Bitcoin and its significance for modern civilization. In instance, Mow boasted on Twitter that Bitcoin was a thousand times better than any other financial technology.<\/p>\n
\n
There are no diminishing returns when a step change takes place. Bitcoin is not a marginally better $ or gold. #Bitcoin<\/a> is a 1000x improvement on any monetary technology devised in all human history. Diminishing returns is an irrelevant concept when the entire game has changed. pic.twitter.com\/0jbotFLDqc<\/a><\/p>\n
\u2014 Samson Mow (@Excellion) January 22, 2024<\/a><\/p><\/blockquote>\n
Mow forewarns of a crypto blitzkrieg to the million-dollar mark, a surge that would spell disappointment for various stakeholders, from Jan3 with its strategic plans to analyst PlanB and his stock-to-flow model, to MicroStrategy with its ambitious Bitcoin acquisitions, and even El Salvador, whose dreams of a Bitcoin-backed bond would dissipate beyond $100,000.<\/p>\n
In navigating the Bitcoin rollercoaster, the average investor is urged to brace themselves for a journey filled with hairpin turns, dizzying drops, and, if Mow’s predictions materialize, a potential ascent to the much-anticipated $1 million peak.<\/p>\n
Featured image from Freepik<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
In the midst of the tumultuous landscape of the price volatility of Bitcoin, a prominent figure stands out, exuding unwavering optimism amidst the chaos: Samson Mow, the self-proclaimed evangelist of the cryptocurrency. Recently transitioning from his Chief Strategy Officer role at Blockstream to assume the position of CEO at Jan3, an entity focused on facilitating Bitcoin adoption at a nation-state level, Mow is placing a substantial bet on the future of the digital gold. Related Reading: Celsius Dump Triggers Ethereum Dive: $35 Million Sell-Off Sends ETH Price Crashing Bitcoin Proponent Sees Investor Hopes Dashed Amidst whispers of a potential plunge below the $30,000 mark, Mow remains resolute in his positive outlook. Dismissing concerns, he took to Twitter, stating, “I think they’ll be disappointed.” This declaration comes in the wake of Bitcoin experiencing a dip below $38,000, attributed to a significant sell-off of Bitcoin Exchange Traded Funds (ETFs), particularly the Grayscale behemoth. A staggering 15,000 BTC, equivalent to $566 million, exited the market, leaving Grayscale with empty coffers. From what I’m hearing, a good amount of investors are thinking #Bitcoin will drop to the low $0.03M range and waiting to buy then. I think they’ll be disappointed. \u2014 Samson Mow (@Excellion) January 22, 2024 However, the cryptocurrency landscape is not devoid of conflicting sentiments. While Grayscale is shedding its BTC holdings, other ETF issuers are adopting a different stance. Notable among them is Fidelity, which acquired 9,755 BTC, amounting to $386 million. Fidelity emerged as the leading player, securing 5,312 BTC, valued at $210 million. This divergence in approaches indicates that not all market participants are hastily divesting their Bitcoin assets. BTC market cap at $761 billion on the daily chart: TradingView.com On Dips And Pains Within the community, opinions diverge, creating a symphony of mixed notes. Some participants, in response to Mow’s tweet, express enthusiasm for a potential bargain sale of the top crypto, eagerly anticipating an opportunity to accumulate more during the dip. Others brace themselves for what they term “max pain,” envisaging a scenario akin to Mow’s own predictions of a Bitcoin surge to $1 million. Related Reading: XRP Crash Fears Mount As Whale Dumps 26 Million Tokens \u2013 Details The concept of “max pain” is adapted from traditional financial markets and suggests that markets will likely follow the “Max pain theory,” which indicates that markets will likely follow the path that causes the maximum financial pain to the most significant number of market participants. Max Pain Theory indicates a flush of the #Bitcoin shorts is next. https:\/\/t.co\/zuJe2vpEEX \u2014 Samson Mow (@Excellion) January 14, 2024 How About A Million For Bitcoin? In the context of Bitcoin, Mow believes that a quick rise to $1 million would disrupt the strategic plans of many, including nation-states and companies looking to invest in Bitcoin. In the area of monetary innovations, Mow has released a significant comment regarding Bitcoin and its significance for modern civilization. In instance, Mow boasted on Twitter that Bitcoin was a thousand times better than any other financial technology. There are no diminishing returns when a step change takes place. Bitcoin is not a marginally better $ or gold. #Bitcoin is a 1000x improvement on any monetary technology devised in all human history. Diminishing returns is an irrelevant concept when the entire game has changed. pic.twitter.com\/0jbotFLDqc \u2014 Samson Mow (@Excellion) January 22, 2024 Mow forewarns of a crypto blitzkrieg to the million-dollar mark, a surge that would spell disappointment for various stakeholders, from Jan3 with its strategic plans to analyst PlanB and his stock-to-flow model, to MicroStrategy with its ambitious Bitcoin acquisitions, and even El Salvador, whose dreams of a Bitcoin-backed bond would dissipate beyond $100,000. In navigating the Bitcoin rollercoaster, the average investor is urged to brace themselves for a journey filled with hairpin turns, dizzying drops, and, if Mow’s predictions materialize, a potential ascent to the much-anticipated $1 million peak. Featured image from Freepik<\/p>\n","protected":false},"author":557,"featured_media":571040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,1119,6664,91287,9594],"class_list":["post-571023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btc","tag-crypto","tag-max-pain","tag-samson-mow"],"acf":[],"yoast_head":"\nBitcoin Evangelist Does Not See Bitcoin Hitting $30K<\/title>\n<meta name=\"description\" content=\"In the midst of the tumultuous landscape of the price volatility of Bitcoin, a prominent figure stands out, exuding unwavering optimism amidst the chaos:\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Evangelist Says Investors Will Be Crushed Expecting BTC At $30,000","url":"http:\/\/ktsl888.com\/news\/bitcoin-evangelist-says-investors-will-be-crushed-expecting-bitcoin-at-30000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-evangelist-says-investors-will-be-crushed-expecting-bitcoin-at-30000\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/a_7c7426.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/a_7c7426.png?fit=974%2C645"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","crypto","max pain","samson mow"],"dateCreated":"2024-01-23T23:50:04Z","datePublished":"2024-01-23T23:50:04Z","dateModified":"2024-06-11T14:44:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Evangelist Says Investors Will Be Crushed Expecting BTC At $30,000\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-evangelist-says-investors-will-be-crushed-expecting-bitcoin-at-30000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-evangelist-says-investors-will-be-crushed-expecting-bitcoin-at-30000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/a_7c7426.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/a_7c7426.png?fit=974%2C645\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"crypto\",\"max pain\",\"samson mow\"],\"dateCreated\":\"2024-01-23T23:50:04Z\",\"datePublished\":\"2024-01-23T23:50:04Z\",\"dateModified\":\"2024-06-11T14:44:54Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/a_7c7426.png?fit=974%2C645","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/571023"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=571023"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/571023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/571040"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=571023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=571023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=571023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}