JAN3 CEO Samson Mo recently challenged X to debunk one of the many bearish myths circulating about Bitcoin (BTC) price.
Bitcoin (BTC) price prediction revised
According to Bitcoin Marxists, there is no chance that (BTC) Bitcoin price will remain flat for an extended period of time. His optimistic remarks came as the leading cryptocurrency began to recover earlier this week.
At the time of writing, Bitcoin price is $43,041.73, up 0.76% in the past 24 hours. This is a significant jump in the price of the token considering it previously plummeted to around $38,000.
Clearly, Mr. Mo has very positive feelings towards Bitcoin, which he has previously demonstrated with his bold predictions about Bitcoin. In mid-January, shortly after the U.S. Securities and Exchange Commission (SEC) greenlit 11 spot Bitcoin ETF products.JAN3 Founder predicted Bitcoin price will reach $1 million in a few days or weeks.
He also said that the Max Payne theory is still valid for Bitcoin. The theory states that “on expiration date, the price of the underlying index/stock will move toward the point that causes the greatest loss (pain) to the greatest number of option buyers.” Alternatively, it also means that losses are minimized for the option seller. ”
Based on Bitcoin’s trajectory, Samson Mo is optimistic that short sellers may be burned out soon.
Samson Mo hits back at Bitcoin critics
Mou has always been vocal about his position on Bitcoin and has challenged anyone who tries to sideline the cryptocurrency. 2 weeks ago he Reply to Bitcoin explanation This was proposed by JPMorgan CEO Jamie Dimon. Traditional financial industry players have tagged Bitcoin as a vehicle primarily used for fraud and money laundering.
From this statement, it was clear that Dimon was trying to promote a cautious approach to cryptocurrencies. But Bitcoin Marxists like Mo were unwilling to accept such an explanation for the largest cryptocurrency by market capitalization.
Moe argued that Dimon’s statements were the result of a lack of information. He went on to clarify that Bitcoin has transformative potential as it has the potential to foster innovation in banking services.
It is worth noting that apart from the bickering about Bitcoin’s potential, there are several factors with Bitcoin that could push its price to new highs. The emergence of spot Bitcoin ETFs is expected to cause a spike in Bitcoin prices, as will the upcoming halving event. The core of Samson Mo’s Bitcoin (BTC) price prediction rests on these two events of his.