Samson Mow, a prominent Bitcoin advocate and the CEO of hyperbitcoinization firm Jan3, has confidently declared that the crypto market is about to witness some “super bullish” news within the next few days. Mow’s bullish price prediction comes as Trump prepares to deliver an in-person speech at the ongoing Bitcoin conference in Nashville this week.
Samson Mow Foresees “Super Bullish Bitcoin News”
Jan3’s Samson Mow remains uber-bullish despite a stock market rout and weakening sentiment for risk assets, including cryptocurrencies.
In his post on X, Mow shared with his followers that “there’s about to be some super bullish Bitcoin news,” which should be expected over the next couple of days. The former Blockstream exec did not specify what kind of news this could be, but he noted that the “market should be a bit more green.”
There’s about to be some super bullish #Bitcoin news coming out over the next few days. Market should be a bit more green.
— Samson Mow (@Excellion) July 25, 2024
The Trump Factor
Nonetheless, users suggested the news could be related to Trump’s Bitcoin speech in Nashville. It will be interesting to see how the Democratic Presidential nominee can hold the famous Nakamoto Stage and whether he will announce a bigger role for BTC in the financial system — subsequently triggering a meteoric rise in the cryptocurrency’s price.
Responding to Mow’s post, popular Bitcoin price analyst Willy Woo posited that Bitcoin fundamentals “play out in the long time frames” and “in the long time frames BTC is nothing but green.” The co-founder of software firm Hypersheet further advised investors not to focus on short-term time frames, noting that that is “the domain of degen traders.”
Bitcoin fell to just under $64,000 on Thursday, hot on the heels of a stock market crash on Wednesday. The bloodbath followed the tech-heavy Nasdaq 100 index, which suffered its steepest drop since late 2022 after unimpressive earnings results from bellwethers like Google’s parent company, Alphabet, and Elon Musk’s Tesla.
According to CoinGecko data, BTC has since rebounded to $67,125 as of publication time, as US equities recovered from the steep sell-off.
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