Samson Mow, CEO of JAN3 and a Bitcoin maximalist, stated that coin transfers on-chain do not necessarily represent sales. Mow criticized analysts and retail investors who automatically interpret on-chain movements as selling signals, noting that many lack the conviction needed to hold BTC long-term.
He explained that cryptocurrencies can move for various reasons, including security rotation between cold and hot wallets, staking, lending, yield farming, or ETF rebalancing. According to Mow, misinterpreting these transfers unnecessarily fuels fear and doubt (FUD), while true investors understand that context matters more than the mere movement of funds.
The CEO maintains a bullish outlook for Bitcoin, with long-term predictions including a future price of $10 million per BTC. He also warned that the window to acquire BTC below $200,000 is narrowing, given that the circulating supply is 19.92 million, close to the 21 million hard cap, leaving only 1.1 million coins yet to be mined.
Source: https://x.com/Excellion/status/1986279926081954276
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