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The Bitcoin Paradigm: How BTC Surpasses Traditional Finance, According To Expert

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Samson Mow, former Chief Strategy Officer at Blockstream and the CEO of Jan3, recently shared an insight into Bitcoin’s impact on modern financial technology.

1000x Superiority Over Traditional Finance

In a bold statement on X, Mow proclaimed that Bitcoin represents a “quantum” leap in monetary technology, surpassing traditional financial systems by “1,000.” The CEO of Jan3 emphasized that BTC is not merely an “incremental improvement” over existing monetary systems like gold or the US dollar.

Instead, Mow asserted that Bitcoin’s emergence marks a pivotal shift, “revolutionizing” how society perceives and interacts with money. Mow described BTC as a “step change” in the global financial system.

As indicated in the shared screenshot from a dictionary, this signifies a “sudden and discontinuous” transformation. According to Mow, diminishing returns become “irrelevant” in such a transformative scenario because BTC has altered the fundamental nature of monetary exchange and storage.

There are no diminishing returns when a step change takes place. Bitcoin is not a marginally better $ or gold. #Bitcoin is a 1000x improvement on any monetary technology devised in all human history. Diminishing returns is an irrelevant concept when the entire game has changed. pic.twitter.com/0jbotFLDqc

— Samson Mow (@Excellion) January 22, 2024

Regarding the monetary system, a notable industry figure, BitMEX co-founder Arthur Hayes, has pointed out that BTC is decoupling from traditional market indices like the S&P Index.

Hayes highlighted this shift on X, noting that BTC’s price movements b

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Author: Samuel Edyme

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