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Bitcoin Enters "All-Time High" Season, According to Samson Mow
Samson Mow, a fervent advocate for Bitcoin and CEO of JAN3, has announced to the crypto community that the market has entered the "all-time high" (ATH) season. Mow believes that recent developments have set the stage for Bitcoin to reach unprecedented heights.
In the past week, financial author Robert Kiyosaki predicted Bitcoin would hit the 250,000 mark this year, while Mike Novogratz, CEO of Galaxy Digital, suggested it might first test 130,000 and then 150,000.
On the day Bitcoin surpassed the 100,000 threshold, Mow declared on social media: "It's now too late to buy Bitcoin below 0.1 million."
"Millions of Bitcoin Don't Exist, Trillions of Dollars Do"
Mow emphasizes that Bitcoin's total supply is capped at 21 million, while "trillions of dollars" are in circulation. He notes that governments have also begun accumulating Bitcoin, mentioning that this year, US President Donald Trump signed an executive order to establish a "Strategic Bitcoin Reserve," with the government currently holding 200,000 BTC.
Mow points out the stark contrast between the limited supply of Bitcoin and the abundance of fiat currency. This scarcity, coupled with increasing institutional and governmental interest, is driving Bitcoin's value to new heights.
The cryptocurrency market has been buzzing with activity as Bitcoin continues its upward trajectory. Analysts and industry experts are revising their price targets, with some suggesting that the current bull run could push Bitcoin to unprecedented levels.
As more traditional financial institutions and corporations enter the crypto space, the demand for Bitcoin is expected to surge further. This increased adoption, combined with the upcoming halving event, has created a perfect storm for Bitcoin's price appreciation.
Investors and enthusiasts alike are closely monitoring the market, anticipating further gains and potential milestones for the leading cryptocurrency. However, as with any investment, caution is advised, and individuals should conduct thorough research before making financial decisions.