Samson Mow: Bitcoin's Next Surge Will Eclipse Gold's
JAN3 CEO Samson Mow predicted that Bitcoin's next bull run will outpace gold's growth. Gold has repeatedly reached new highs this week, reaching $4,370.
The rise in gold prices may be linked to trade tensions between the US and China, as well as expectations of a potential interest rate cut by the US Federal Reserve. Bitcoin experienced a significant correction this week, falling below $106,000. This collapse occurred just a few days after it reached a record high of $126,198.
Mow believes Bitcoin's growth will be much more significant and explosive. The head of JAN3 believes that the world's leading cryptocurrency remains an effective hedge against financial risks amid economic uncertainty. Other factors driving Bitcoin's growth include its fixed supply of 21 million coins and growing investment by large companies in the cryptocurrency. Bitcoin is trading below $106,000, and Mow believes the asset is undervalued.
Mow previously suggested that Bitcoin could trade at $10 million if people fully understood BTC's potential. Mow predicted that the leading crypto asset would rise to $1 million, an 822% increase from its current price. The head of JAN3 believes that despite criticism of Bitcoin's Proof-of-Work (PoW) consensus method as being too energy-intensive, little can prevent Bitcoin from reaching $1 million.
Samson Mow recently suggested that, over time, almost all countries in the world will create a strategic reserve of Bitcoin, having realized the advantages of the first cryptocurrency.
Source: cryptonews.net
