‘$1 Million BTC’ Samson Mow Expects Quick Bitcoin Recovery: ‘Buy the FakeDip’
The post ‘$1 Million BTC’ Samson Mow Expects Quick Bitcoin Recovery: ‘Buy the FakeDip’ appeared on BitcoinEthereumNews.com. Bitcoin “FakeDip” Interest rate cut irresponsible now, macroeconomist says Samson Mow, a Bitcoin advocate and the CEO at JAN3, seems optimistic about the current Bitcoin price dip. The tweet he published today may indicate that Mow does not expect the current Bitcoin dip to last long. Samson Mow is a renowned believer that Bitcoin is eventually going to surpass the $1 million level, and he expects this to happen in the near future. You Might Also Like Bitcoin “FakeDip” Mow has coined the term “FakeDip” to describe a very brief Bitcoin price drop, a “fake” one. Over the past two days, the world’s leading cryptocurrency has plummeted by 4.14%, as it lost $108,860 and landed at the $104,350 mark today. There was also an attempt to recover $105,480, but BTC failed to hold at that price level. Today, Samson Mow tweeted: “Always buy the FakeDip,” addressing his followers on X and urging them not to get pessimistic with the Bitcoin price slide. According to analysts, a price dip is normal for Bitcoin one or two days before the interest rate decision is announced. However, there is another factor that is pushing the BTC price down: the military escalations in the Middle East that have been going since the end of last week. Seeing the economic uncertainty they are causing, investors are selling bonds, stocks and Bitcoin, fleeing into the traditional safe haven asset, gold. You Might Also Like Interest rate cut irresponsible now, macroeconomist says While financial markets are awaiting the announcement of Federal Reserve Chairman Jerome Powell regarding interest rates at the scheduled FOMC meeting today, some experts believe that the U.S. Central Bank is unlikely to move the rates either way. Lower rates usually ensure a Bitcoin price increase. Among them is Dr. Komal Sri-Kumar, a global macroeconomist…
The post ‘$1 Million BTC’ Samson Mow Expects Quick Bitcoin Recovery: ‘Buy the FakeDip’ appeared on BitcoinEthereumNews.com.
Bitcoin “FakeDip” Interest rate cut irresponsible now, macroeconomist says Samson Mow, a Bitcoin advocate and the CEO at JAN3, seems optimistic about the current Bitcoin price dip. The tweet he published today may indicate that Mow does not expect the current Bitcoin dip to last long. Samson Mow is a renowned believer that Bitcoin is eventually going to surpass the $1 million level, and he expects this to happen in the near future. You Might Also Like Bitcoin “FakeDip” Mow has coined the term “FakeDip” to describe a very brief Bitcoin price drop, a “fake” one. Over the past two days, the world’s leading cryptocurrency has plummeted by 4.14%, as it lost $108,860 and landed at the $104,350 mark today. There was also an attempt to recover $105,480, but BTC failed to hold at that price level. Today, Samson Mow tweeted: “Always buy the FakeDip,” addressing his followers on X and urging them not to get pessimistic with the Bitcoin price slide. According to analysts, a price dip is normal for Bitcoin one or two days before the interest rate decision is announced. However, there is another factor that is pushing the BTC price down: the military escalations in the Middle East that have been going since the end of last week. Seeing the economic uncertainty they are causing, investors are selling bonds, stocks and Bitcoin, fleeing into the traditional safe haven asset, gold. You Might Also Like Interest rate cut irresponsible now, macroeconomist says While financial markets are awaiting the announcement of Federal Reserve Chairman Jerome Powell regarding interest rates at the scheduled FOMC meeting today, some experts believe that the U.S. Central Bank is unlikely to move the rates either way. Lower rates usually ensure a Bitcoin price increase. Among them is Dr. Komal Sri-Kumar, a global macroeconomist…
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