CEO of Bitcoin-focused company Jan3, Samson Mow, recently shared a quote from the mysterious Bitcoin creator, Satoshi Nakamoto, on his X platform account. Nakamoto’s statement hinted at the revolutionary nature of Bitcoin as a digital currency that can be exchanged over the internet without the need for a third-party intermediary.
Nakamoto’s message reflects on the history of money, mentioning how societies have historically used scarce commodities like shells or stones as currency. With the rise of the internet, a new form of valuable asset has emerged, leading to the creation of cryptocurrencies like Bitcoin.
Bitcoin Price Forecast by Samson Mow
Mow remains positive about Bitcoin’s price, predicting that it will soon surpass the $60,000 mark once again. He notes that the opportunity to buy Bitcoin at a lower price is diminishing as the market bounces back from a recent 12% drop that briefly pushed prices below $57,000. Currently, Bitcoin is trading at around $58,990, indicating a strong recovery.
This optimism comes amid various market influences, such as the detention of Binance founder CZ and the FOMC’s decision to maintain current interest rates, which have impacted Bitcoin’s recent price fluctuations.