Samson Mow, the CEO of Jan3 and a recognized investor in Bitcoin, has recently expressed a confident outlook on the future of the cryptocurrency, suggesting that a significant victory for its supporters is “imminent.”
In a recent tweet, the CEO of Jan3 observed that several prominent accounts, which he broadly categorizes as “influential,” have been critical of BTC. Mow clarified that his definition of “influential” is wide and might even encompass “third-rate comedians.”
Despite this criticism, Mow’s interpretation of these events is optimistic, encapsulated in his statement, “Feels like we’re about to win.”
*Influential used loosely and may include third rate comedians.
— Samson Mow (@Excellion) December 11, 2023
His comments come at a pivotal moment for BTC, as it is going through a bull phase following its recently achieved yearly high of trading above $44,000.
Analyzing The Current State Of Bitcoin
Despite Bitcoin’s peak of $44,000, marking its highest point this year, the cryptocurrency has experienced a notable retracement. Over the past 24 hours, BTC’s value decreased by 4.4%, bringing its trading price down to $42,000.
This decline is also reflected in its daily trading volume, which dipped from $34 billion last Monday to $27 billion, signaling a reduction in trading activity and a cooling period after the recent rally.
This downward movement in BTC’s trading volume indicates less investor engagement, an aspect that Mow has recently addressed.
The Jan3
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Author: Samuel Edyme
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