Despite the recent bearish trends in the cryptocurrency market, market analysts and industry insiders remain optimistic about the future of Bitcoin and other altcoins. Samson Mow, the CEO of Jan3, shared his bullish sentiment during the BTC Prague 2023 conference.
Mow considers anything below $30,000 for Bitcoin to be “massively undervalued” and expects a rebound in the near future. He believes that BTC will eventually reach six figures, emphasizing the growing global need for Bitcoin as traditional financial systems face increasing turmoil.
According to Mow, the banking system and legacy financial system are failing, and Bitcoin is the only reliable solution. He argues that money is no longer functioning as intended, with frozen payments and a lack of functionality. In contrast, Bitcoin continues to operate flawlessly.
Mow predicts a wave of Bitcoin adoption within the next five years, as more people recognize the limitations of traditional financial systems and turn to Bitcoin as a viable alternative.
From a technological perspective, Mow sees the current time as the most exciting for Bitcoin. He mentions the development of new Bitcoin layers, protocols, and the growing traction of Liquid, a sidechain network built on Bitcoin. Mow encourages everyone to pay attention to the technical advancements in Bitcoin, as it is an exciting time for innovation and progress in the industry.
Overall, Mow’s optimistic outlook reflects the belief that Bitcoin has the potential to revolutionize the financial landscape and offer a reliable alternative to the failing traditional systems.
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