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Samson Mow, a vocal Bitcoin supporter and the CEO at JAN3, focused on helping nation-states to adopt BTC, has addressed the crypto community with an important Bitcoin-ATH message on his X profile.
Mow is also widely known as one of those bulls who predict Bitcoin to reach $1 million “soon,” expecting it to go up not in regular small movements but in giant Omega candles.
Mow's thoughts on current BTC bull run
Mow compared a real inflation rate of 11% (taking an egg as an example of a popular basis product’s price surge) to the all-time high reached by Bitcoin four years ago in November 2021 (which was $68,789), that shows an inflation-adjusted 2021 high at $100,000.
As Bitcoin reached $112,000 on Monday, it beat inflation by 19% (4.8% annually), per Mow. As for the all-time high, Bitcoin extended it to $123,091.61 several hours ago and then rebounded to $116,778, trading at this level at press time.
Strategy grabs 4,225 Bitcoins
On Monday, the leading Bitcoin treasury company, Strategy, helmed by BTC evangelist Michael Saylor, announced the acquisition of yet another massive Bitcoin chunk – 4,225 BTC. This amount of the largest crypto was bought for a staggering $472.5 million.
Saylor also shared with the community that Strategy had achieved a Bitcoin yield of 20.2% year-to-date. The Bitcoin stash held by the company has been boosted and now surpasses 600,000 BTC.
The amount of Bitcoin held by Strategy is now valued at $70,203,291,200. Mow’s JAN3 company commented on that immense Bitcoin purchase, sharing some details: Strategy raised $330.9 million through selling its regular MSTR stocks. The rest of the purchase was funded through selling convertible Bitcoin-backed stocks STRK, STRF and STRD.
Yesterday, Saylor reaffirmed his mega-bullish stance on Bitcoin, tweeting that he expects BTC to be “going up forever.”
Pierre Rochard on Bitcoin price retracement
Bitcoiner and CEO of The Bitcoin Bond Company Pierre Rochard has commented on the rebound enjoyed by Bitcoin after the new all-time high above $113,000.
He believes this retracement is “healthy,” since it “slows leverage, resets funding rates and implied volatility.” Besides, he stated that this correction “moves open interest from speculative upside calls into fresh strikes and maturities, giving the next leg of the bull market a sturdier foundation.”
U.Today Editorial Team
Vladislav Sopov