Yuri Molchan
Early Bitcoin supporter Samson Moe has captured the attention of the crypto community with a new post.
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Samson Mo, an avid Bitcoin supporter and CEO of Bitcoin-focused company Jan3, remains optimistic about Bitcoin's future no matter what. In a recent tweet, the BTC expert made an important statement to the cryptocurrency community.
Key Bitcoin Indicators, By CEO, January 3rd
A major Bitcoiner tweeted that it's important to pay attention to important Bitcoin indicators at a time when many short-term holders are exiting Bitcoin in light of recent market trends.
Moe calls them underdogs (sellers), but the diamond hodlers continue to buy the world's pioneering cryptocurrency, increasing their stash.
Over the past 24 hours, Bitcoin fell slightly and then quickly recovered. On Friday, before the drop, the leading digital currency showed growth of 2.56%. At the time of this writing, BTC remains at his $68,130 price level.
Moe likens Bitcoin ETF to Neo from The Matrix
Earlier this week, Mo posted an interesting tweet pointing out the similarities between spot-based Bitcoin exchange-traded funds and the protagonist of Wachowski's iconic film The Matrix.
Moe released an excerpt from the final part of the film where Neo defeats Agent Smith by diving into him and destroying him from within. Bitcoin supporters commented that ETFs are penetrating the traditional financial system by diving inside it. Now, Mo is thinking about what will happen next without naming or predicting expectations. But judging by the Bitcoin-bullish mood throughout his tweets, he likely expects Bitcoin to disrupt legacy systems and replace the US dollar in the future.
Bitcoin will reach $1 million, according to Samson Mo
At least what Mow believes is that Bitcoin is headed for a price of $1 million. He has mentioned it a number of times recently in the run-up to the Bitcoin halving event in late April.
According to Mow, Bitcoin ETFs are causing a BTC demand shock (immediately after launch, these ETFs captured 12x more BTC than miners produce each day), and after the Bitcoin halving caused a supply shock. These two “shocks” will inevitably diminish, pushing prices up. To unimaginable heights.
Yet, while all ETFs are consuming Bitcoin, Grayscale's GBTC continues to see massive outflows.
About the author
Yuri Molchan
Yuri is interested in technology and innovation. He has been writing about his DLT and cryptocurrencies since 2017. He believes blockchain and cryptocurrencies have the potential to change the world in the future in many aspects. He has contributed to multiple crypto media. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, and Max Kaiser.
