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Samson Mow, vocal Bitcoin maximalist and the CEO at Bitcoin adoption-focused company JAN3, has published several tweets as the world’s leading cryptocurrency has smashed a new all-time high. Earlier today, BTC set a new price record of $118,403.
Bitcoin soared by 6.62% within less than 24 hours, soaring from $110,850, and is currently changing hands at $117,850 after a slight pullback.
Bitcoin hits new ATH — $118,403
Many Bitcoin influencers and maxis, including Samson Mow and cofounder of Strategy Michael Saylor, reacted to that mammoth BTC price jump, tweeting that for many this came unexpectedly, and most likely those who sold their Bitcoin now regret it badly.
The BTC/USD chart shows that one of the hourly candles that pushed Bitcoin upward gave it a 3.09% rise, which may easily match the definition that Mow has been recently giving to an “Omega candle,” meaning a single candlestick, driving the Bitcoin price upward immensely.
Bitcoin supply draining fast, "not enough BTC for everyone": Mow
Mow tweeted that there is still a possibility of buying Bitcoin for less than $200,000. He wrote, “You can still buy #Bitcoin for less than $0.2M.” He also reminded the community that the BTC supply is being drained rapidly with all the ETFs, Bitcoin treasury companies and other institutions buying aggressively now: “There’s not enough #Bitcoin for everyone.”
Currently, Mow said in another tweet with an infographic, Bitcoin has so far reached 11.6% of the projected $1,000,000 price.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team