|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Endorses the World's Largest Cryptocurrency, Underscoring the Feature That Ensures Bitcoin's Scarcity
Sep 29, 2024 at 04:00 am
Prominent Bitcoin supporter and JAN3 boss Samson Mow has endorsed the world's largest cryptocurrency in his latest tweet, underscoring the feature that ensures Bitcoin's scarcity.
Samson Mow, a prominent Bitcoin supporter and the boss of JAN3, has endorsed the world's largest cryptocurrency in his latest tweet, highlighting the feature that ensures Bitcoin's scarcity.
Bullish tweet on Bitcoin scarcity by MowSamson Mow shared a short video with his brief participation, which reminds the community that there are only 21,000,000 Bitcoins. This makes is scarcer than gold and silver and, as Mow pointed out in the video and then repeated in his tweet, “Bitcoin is the hardest asset on the planet.”
#Bitcoin is the hardest asset on the planet. pic.twitter.com/cOdV85pMjREarlier this year, Samson Mow multiple times stressed Bitcoin's scarcity as a major factor that is likely to drive the BTC price to the record level of $1 million per coin. The other triggers, which are already in play, according to the JAN3 boss, are spot Bitcoin ETFs scooping up massive amounts of this asset and the halving that took place in April. After that event, Bitcoin block rewards dropped from 6.25 to 3.125 BTC.
Mow believes that a moment will come when the supply shock caused by the halving and the demand shock gradually triggered by the ETFs are bound to clash and push Bitcoin to $1 million.
JAN3 CEO looks forward to "Uptober"On Friday, Samson Mow supported his former boss and Satoshi Nakamoto “associate,” CEO of Blockstream Adam Back, who tweeted that he was ready for “Uptober.” Mow responded, saying, “We’re ready. Send it.”
Historically, October has been a bullish month, along with November and with a “Santa Claus rally” in December to follow. Within the trading community it is known as “Uptober,” when leading assets in both crypto and conventional markets go up in prices.
Several recent developments are hinting that “Uptober” could actually be imminent. The first one took place last week on Wednesday, when the Fed chairman Jerome Powell announced the slash of the interest rate by 50 basis points for the first time in the last four years. The Chinese central bank (PBOC) followed suit.
Another bullish driver is that on Friday, the co-founder and former CEO of the Binance exchange Changpeng Zhao was released after his four months term. Many believe that this is likely to drive Bitcoin and BNB prices up. Today, he posted his first tweet in four months, saying simply “gm,” which is short for “good morning.”
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Hastings Carnival 2022: The death of a tradition as event fails to live up to its former glory
- Sep 29, 2024 at 08:10 am
- Sitting atop a trailer on the back of an HGV, we did all we could on the ‘Mr Men’ float to avoid serious eye injury
-
- How Much Could 20,000 KAS Be Worth by 2025? Kaspa Price Prediction
- Sep 29, 2024 at 08:10 am
- In the YouTube video titled “How Much Will 20,000 $KAS Be Worth By 2025? Kaspa Price Prediction!!,” posted by Blockchain Crypto, the speaker explores
-
- Understanding Sweepstakes Casinos: The Role of Sweeps Coins and Gold Coins
- Sep 29, 2024 at 06:20 am
- Sweepstakes casinos are fundamentally dual-currency systems, with Sweeps Coins being the main money utilized. In this article, we will be discussing what the Sweeps Coins are, how they work, promos, and so on.
-
- Shiba Inu (SHIB) Beats Bitcoin (BTC) and Dogecoin (DOGE) in YTD Gains as Crypto Market Surges
- Sep 29, 2024 at 06:20 am
- The latest uptick expanded SHIB's year-to-date gains to 85%, beating coins with higher market capitalizations like Bitcoin and Dogecoin.
-
- Notcoin (NOT) Attracts Investors' Interest with Impressive Price Performance, Analyst Predicts It Will Hit $0.014 If Buying Pressure Persists
- Sep 29, 2024 at 06:20 am
- Telegram-based cryptocurrency Notcoin has attracted investors' interest in the last 24 hours with impressive price performance.
-
- Elon Musk's Tesla and SpaceX Now Hold $1.3 Billion Worth of Bitcoin (BTC) in Reserves
- Sep 29, 2024 at 06:20 am
- On-chain data analytics platform Arkham Intelligence recently disclosed the combined Bitcoin holdings owned by Elon Musk's firms, Tesla (NASDAQ:TSLA) and SpaceX.
-
- CYBRO Presale Achieves $2.5 Million Milestone: A One-in-a-Million Investment Opportunity
- Sep 29, 2024 at 06:15 am
- CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $2.5 million. This cutting-edge platform offers investors unparalleled opportunities to maximize their earnings in any market condition.
-
- Which Crypto is the Best Buy in 2024? Notcoin, Ethereum, or BlockDAG
- Sep 29, 2024 at 06:15 am
- Over the last four months, Notcoin has witnessed a dramatic 75% fall in price, sparking concern among its investors. This drop, paired with a marked reduction in network activity, has stirred unease.
-
- Bitcoin (BTC) Looks Solid to Reach $100k but Needs to Breach $68k Resistance Level
- Sep 29, 2024 at 06:15 am
- After Bitcoin (BTC) claimed its all-time high of above $73000 in early 2024, most investors have set their target on the $100000 mark as the next