Samson Mow, Bitcoin maximalist and chief executive at the Bitcoin-focused company JAN3, has taken to his account on the X platform to make a massive BTC price prediction
Samson Mow, a Bitcoin maximalist and the chief executive at the Bitcoin-focused company JAN3, has shared a massive BTC price prediction with the global crypto community on his account on the X platform.
According to Mow, Bitcoin is preparing to print a “Godzilla candle” soon. He shared this prediction in a tweet that featured an image of Godzilla with the caption: “The Godzilla Candle is coming.”
In earlier tweets, Mow also mentioned an “Omega candle” for BTC, explaining that it or the Godzilla one refers to the size of this candle and the massive momentum it will be imparting to the BTC price in a single go.
One of his earlier tweets saw the JAN3 boss stating that Bitcoin should be “realistically” valued at at least $100,000 currently. When he tweeted that in early July, the German and U.S. governments were engaged in selling large amounts of Bitcoin confiscated from The Silk Road marketplace and a popular pirate movie portal in Germany. BTC was trading at slightly under $57,000 back then, and Mow called that a “scam dip.”
However, recently, he commented on a tweet that stated that once November is over, Bitcoin will be surging to at least $100,000, irrespective of the outcome of the U.S. elections. According to Mow, this is a bearish estimate for the world’s flagship cryptocurrency.
Mow shares key advice for new BTC investors
Earlier this week, as covered by U.Today, the JAN3 boss shared two key things for new Bitcoin investors to understand about BTC in relation to fiat currencies.
The first one was that “the fiat price of Bitcoin will be volatile.” The second important one was that “the fiat price of Bitcoin will always increase.” Once new investors internalize these two things, their Bitcoin journey will become a simple one, he added.
Bitcoin soars on news of Fed rate cut
This week, since Thursday, Bitcoin has been striving to break above the $64,000 resistance after soaring by 7.6% on Wednesday and touching on that price level. BTC showed an impressive increase after the Fed Chairman Jerome Powell announced during the scheduled FOMC meeting that the U.S. central bank intends to cut the annual interest rate by 50 basis points. This would be the first rate cut in the past four years with the Fed switching from its previously hawkish stance to a dovish one.
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