2024

Bitcoin

PAIN

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Bitcoin maximalist <a href="https://u.today/bitcoin-ultimately-hitting-1-million-in-future-explained-by-samson-mow" rel="noopener noreferrer nofollow">Samson Mow</a> published several bullish tweets, addressing his army of followers on Twitter about his expectations of Bitcoin potentially reaching $1 million. Mow believes that this price jump may well be unexpected since it may happen at any time, basically. He tweeted this as the approval for a Bitcoin spot ETF looms from the SEC.
Mow posted a “Bitcoin to $1 million tweet” which was preceded by a thread, stating that Bitcoin potentially reaching $1 million unexpectedly and quickly may upset many Bitcoiners’ plans.
<blockquote>
 If you don't believe in $1M <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> or don't get it, I don't have time to try to convince you, sorry.— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1744555498807120321?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 9, 2024</a>
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<h2 id="bitcoin-reaching-1-million-means-max-pain-for-the-most-people-per-mow">Bitcoin reaching $1 million means “max pain for the most people,” per Mow</h2>
Samson <a href="https://u.today/bitcoin-to-reach-new-important-aths-in-2024-samson-mow-believes" rel="noopener noreferrer nofollow">Mow stated that once Bitcoin soars</a> to the $1 million mark, and if it does this quickly, a lot of companies, analysts and other market players may see “max pain” – this is what his Twitter thread was about.
First of all, Mow named his own company, Jan3, which has a mission of helping nation-states to adopt Bitcoin as a national currency (El Salvador is a good example here). He stated that for this year, the team has a lot of plans and meetings. Should Bitcoin surge to $1 million, it would “derail everything.”
<blockquote>
 Here’s why we’re going to $1M <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> in DAYS to WEEKS: it’s MAX PAIN pain for the most people.Bitcoin has a way of doing what we least expect &amp; in the most disruptive way. For example, at JAN3 we have many plans &amp; meetings set for 2024. $1M BTC would derail everything.🧵👇— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1744519270581875081?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 9, 2024</a>
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Jan3 still has a few years to help nation-states adopt Bitcoin. However, Bitcoin hitting $1 million would mean that there is no more time for that: “50 countries reach out frantically &amp; we are overloaded. All of the careful planning and proposals are out the door – just smash buying BTC. And no sleep for the team.”
<h2 id="plan-b-analyst-and-microstrategy">“Plan B” analyst and MicroStrategy&nbsp;</h2>
Mow also named several other big figures in the crypto space, who may see their plans and schemes crashed should Bitcoin hit $1 million out of the blue now. Among them is the analyst Plan B and his Stock-to-Flow model for Bitcoin: “S2F model breaks again, just when it was looking like it was going to track correctly.”
This list includes MicroStrategy; its goal of accumulating 1% of the Bitcoin supply would never be reached should Bitcoin hit $1 million soon, even though MicroStrategy is among the top 30 most profitable companies.
El Salvador would miss an opportunity to issue Bitcoin bonds and buy more BTC below the $100,000 level.
<blockquote>
 5️⃣ El Salvador (and other countries) miss the window to issue <a href="https://twitter.com/hashtag/BitcoinBonds?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinBonds</a> and accumulate substantial stacks of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> at sub 100k. IMF debt still looms. Max pain.— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1744519332242292768?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 9, 2024</a>
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Ultra-Bullish Bitcoin Statement Made by Samson Mow Ahead of Possible ETF Approval

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