Samson Mow Predicts Continued BTC Price Surge: “The Real Action Hasn’t Even Started Yet”
Samson Mow, the CEO of JAN3 and a well-known Bitcoin supporter, has made a bold prediction about the future price of the leading cryptocurrency. In a recent address to his followers on the X social media platform, Mow expressed his belief that Bitcoin is poised to continue its upward trajectory.
Mow’s optimism comes on the heels of a significant price surge for Bitcoin, which saw the digital asset climb 4% in just one day, reaching the $71,200 mark. This marks the first time in four months that Bitcoin has surpassed the $70,000 threshold, with the last instance occurring back in June.
In a tweet, Mow shared his bullish outlook on the current price action, stating, “The real action hasn’t even started yet.” This sentiment is in line with Mow’s previous predictions of Bitcoin eventually reaching $1 million in value.
The recent price surge also caught the attention of cryptocurrency analysts, who noted the movement of a dormant whale wallet that had been inactive for 12 years. This wallet, which contained 749 BTC, saw a significant increase in value as Bitcoin prices soared. The whale ultimately transferred 159 BTC to Binance, totaling $11.32 million.
In addition to this whale, two other dormant Bitcoin wallets were also reactivated within a 48-hour period. One of these wallets, containing 16 BTC, saw a staggering increase in value since its last movement in 2013. The second wallet, dating back to 2010 during the time of Bitcoin’s mysterious creator Satoshi Nakamoto, held 28 BTC that is now worth nearly $2 million.
Overall, Bitcoin has experienced steady growth over the past week, with a 7% increase since Friday alone. As the cryptocurrency continues to climb in value, investors and enthusiasts alike are eagerly watching to see if Mow’s bullish prediction will come to fruition.
This article was originally published on U.Today, highlighting the latest developments in the world of cryptocurrency and Bitcoin.
