Samson Mow: Bitcoin's $30,000 Drop Fears Dismissed

November 27, 2023 Image Credit: Pinterest January 24, 2024 By: Pooja

Samson Mow's Confidence

[{"selector":"#anim-2e662c33-66ca-4939-9888-1fc93e0b7da4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b1d1468c-b40a-40ca-a019-9d435a68e2dc","keyframes":{"transform":["translate3d(114.46540%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-87a96826-0344-4827-b978-0621deead121","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4b03a5e7-0f1c-4b6b-8ffa-e00d85e2ef19","keyframes":{"transform":["translate3d(0px, -659.41028%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Despite a 4.3% trading loss and Bitcoin's dip to just above $39,000, Samson Mow expresses unwavering confidence in Bitcoin's long-term potential, dismissing fears of a $30,000 fall. Image Credit: Atlas21

Grayscale's Outflows

[{"selector":"#anim-d76773c0-e419-40f6-8673-b7375be7df94","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54953c9e-43a7-4d7b-8690-b1e0f535f6bf","keyframes":{"transform":["translate3d(117.79935%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-265cbf9e-b3b6-4c69-b85b-9640129acadb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d97b92e3-e0e2-44d3-a503-4aeae2b67a2d","keyframes":{"transform":["translate3d(0px, -816.73708%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Grayscale experiences significant outflows, with over 14,000 BTC leaving its holdings, signaling a shift in investor sentiment amidst Bitcoin's recent price fluctuations. Image Credit: Pinterest

Fidelity's Inflows

[{"selector":"#anim-0d3e21d2-a4ee-4e82-88c5-5e8f8db29545","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-48e74ee2-4679-4117-a991-6b9c4832c024","keyframes":{"transform":["translate3d(118.44660%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52841722-6f5c-496e-9dee-f705e1c87c0f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab425c32-f79e-4f56-97f5-59305575a52a","keyframes":{"transform":["translate3d(0px, -819.02799%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In contrast, Fidelity reports notable inflows, receiving over 5,000 BTC, showcasing diverse strategies and investor approaches in the cryptocurrency market. Image Credit: Pinterest

Bitcoin Price Snapshot

[{"selector":"#anim-2b57679f-70cd-4f16-aa83-1dcb38dfdc48","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1328df45-051e-4d61-b00e-154b4a41bff1","keyframes":{"transform":["translate3d(128.16901%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-78b8bf41-5e9d-4a6f-89a1-d9ecb61e5d05","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43a0d49a-05f0-431d-86ea-0fb5018eb4f1","keyframes":{"transform":["translate3d(0px, -1093.70351%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bitcoin hovers just above $39,000 amid market volatility, prompting discussions about its resilience and future growth potential. Image Credit: Pinterest

Ambitious Price Target

[{"selector":"#anim-b553fb34-c543-49fb-a4d4-57df5be40507","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2889c1b3-cd5e-4e83-a199-9cf221e95b57","keyframes":{"transform":["translate3d(127.81690%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-011f66a0-dabb-4bac-be04-960830330dd3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f927db28-6c6d-462e-a0d7-fbfb4b7a323e","keyframes":{"transform":["translate3d(0px, -822.77802%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Samson Mow predicts an ambitious long-term target for Bitcoin, suggesting it could eventually reach $1 million, emphasizing his strong belief in its growth trajectory. Image Credit: Adobe Stock

No Set Timeframe

[{"selector":"#anim-940ffce0-3b80-423f-a24f-78eac01a991d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6278b46f-7701-494e-b7c2-67e69acba3dd","keyframes":{"transform":["translate3d(127.81690%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4cee900f-af28-4aec-85ab-86ebeead77a6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96bc5fba-0f7c-4060-9497-89b78fd6b7e3","keyframes":{"transform":["translate3d(0px, -835.72439%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Mow's prediction lacks a specific timeframe, indicating a broader belief in Bitcoin's fundamental strength rather than short-term market dynamics. Image Credit: Pinterest

ETF Market Dynamics

[{"selector":"#anim-ebb49de5-1b03-4326-8dd1-1e5a5e608c04","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9e31fc8-ca67-4b9e-a3b9-739be85e4cd0","keyframes":{"transform":["translate3d(113.83648%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ccd60c3-1f21-492e-8ebf-780b41e948e1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7d516d6-6838-41ea-a48f-a4431375cb6e","keyframes":{"transform":["translate3d(0px, -797.77798%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Credit: Adobe Stock The contrasting ETF activities of Grayscale and Fidelity reflect ongoing adjustments and diverse strategies among investors in response to Bitcoin's market conditions. More stories...