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New Nonstop Bitcoin ATHs Expected by Samson Mow Soon

source-logo  u.today 07 November 2024 11:54, UTC
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Samson Mow, a Bitcoin maximalist and CEO at the JAN3 company, has published a tweet that shares an optimistic take on the Bitcoin price’s near future.

This happened after the global flagship cryptocurrency scored two consecutive all-time highs in a single day.

"Non-stop Bitcoin ATHs" coming soon: Samson Mow

In the aforementioned tweet, Mow made a prediction that he expects to see “non-stop Bitcoin ATHs” happen during the next few months.

When asked in the comments about a Bitcoin Omega candle that he had been predicting over the past year in his X posts, Mow responded that one of them has already arrived. In his previous posts, Mow promised that, first, a Godzilla Bitcoin candle would take place, followed by an Omega one to propel Bitcoin close to the $1 million level and then higher.

Mow predicted that unless Bitcoin reaches $1 million next year, this historic is yet to happen very soon. He would usually say that those massive candles were imminent.

Non-stop #Bitcoin ATHs for the next few months.

— Samson Mow (@Excellion) November 6, 2024

On Nov. 6, Bitcoin first soared to $75,000, and then after pulling back a little, resumed radical upward movement, this time soaring to the $76,460 record price peak in light of the drastic political developments in the U.S.

Will U.S. create strategic Bitcoin reserve?

In July, pro-crypto U.S. senator Cynthia Lummis proposed that the U.S. should create a strategic Bitcoin reserve. According to her, such a $BTC reserve would "bolster" the country's balance sheet, serving as a store of value.

According to this proposal, within the next few years, the U.S. government would be buying 200,000 $BTC per year and eventually gain and hold one million Bitcoin without selling them for a minimum of 20 years. This would represent roughly 5% of the total Bitcoin supply, which counts 21 million.

In a tweet published on Nov. 6, cofounder and executive chairman of MicroStrategy behemoth Michael Saylor tweeted that the U.S. does need such a strategic $BTC reserve.

Today, prominent Bitcoin supporter and founder of “Pomp Investments” Anthony Pompliano (often referred to as “Pomp”) also shared his support for this move in an X post. He stated that should the U.S. take this risky step, it would trigger the emergence of massive FOMO (fear of missing out) around the world: “a global FOMO unlike anything we have ever seen before.”

If the United States establishes a bitcoin strategic reserve, it will kick off a global FOMO unlike anything we have ever seen before.

— Anthony Pompliano 🌪 (@APompliano) November 7, 2024
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