CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CryptoIntelligence 2024-09-07 10:55:00

Bitcoin Unlikely to Plummet to $40,000 Despite ‘Self-Induced Fear’

Samson Mow, CEO of Bitcoin technology firm Jan3, has dismissed concerns from some traders predicting that Bitcoin will fall to $40,000, attributing these predictions to fear rather than solid market fundamentals. In a recent post on X, Mow argued against the bearish outlook stating, “Bears saying Bitcoin will drop to $0.04M have no basis for that prediction other than self induced fear.” Despite Bitcoin’s recent struggles, remaining under $60,000 for the past week and currently trading at $53,824 according to CoinMarketCap, Mow remains optimistic about its potential to surge to $100,000. He cites several macroeconomic factors supporting a bullish scenario

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.