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Bitcoin 10x Surge Wasn’t ‘Pure Hopium’ – Samson Mow Slams BTC Critics From Past
In a recent interview, Samson Mow, the former CSO of Blockstream and an outspoken Bitcoin (BTC) advocate, has fired back at his critics who dismissed last year’s massive price surge as “pure hopium.” This comes after a remarkable 12% increase in just a few hours, with the cryptocurrency rising from $90,680 to the current $102,200.
Mow took to social media to express his disdain for those who underestimated the resilience of the Bitcoin market. According to him, the incredible growth is not only a testament to the fundamental strength of the asset but also underscores the shortsightedness of skeptics.
“We’ve seen it before – people trying to predict the downfall of Bitcoin and failing miserably,” Mow said in an interview with Crypto Times. “I’m happy to see these naysayers eating their words, but I’m not surprised. Bitcoin has always defied expectations.”
As a long-time supporter of Bitcoin, Mow emphasized that its market dynamics are difficult to forecast due to various factors such as government regulations, institutional adoption, and the resilience of decentralized networks.
“I’ve been saying it for years – you can’t accurately predict the trajectory of this market,” he added. “We saw it in 2017 when prices skyrocketed, and we’re seeing it again today.”
Despite the skepticism surrounding Bitcoin’s future performance, Mow remains convinced that the cryptocurrency’s fundamental value will continue to rise.
As news.Bitcoin.com reported earlier this week, a surge in institutional investment has fueled the recent price increase. With many experts predicting further growth in 2024, it seems unlikely that the bears will regain control anytime soon.
Whether you’re a seasoned investor or just starting your crypto journey, it’s essential to keep an eye on market trends and adapt to changes as they unfold. In this rapidly evolving space, staying informed is crucial for making sound investment decisions.
Source: u.today
