Bitcoin 10x Surge Wasn’t ‘Pure Hopium’ – Samson Mow Slams BTC Critics From Past
U.Today – Samson Mow, a vocal Bitcoin supporter and JAN3 chief executive officer, has published a tweet to take a jab at those critics who doubted BTC’s ability to skyrocket to $100,000 and surpass Saudi Aramco (TADAWUL:2222) by market capitalization size.
He published a tweet with a “quote” that seems to be made up of multiple doubts expressed publicly by various Bitcoin critics when the world’s largest cryptocurrency traded at $10,000. But Mow said that it was one NPS analyst, without revealing the name.
Bitcoin surpassed Saudi Aramco, Mow reminds us
Mow published a tweet that he stated was originally issued by “some random NPC analyst from the past.” The tweet shares the author’s doubts that Bitcoin would ever be able to see an increase from $10,000 to $100,000. This, the BTC critic said, would “make it the 7th largest asset by market cap, ahead of Saudi Aramco.”
“If you’re going to make price predictions at least base them on reality,” he added. Overall, if this was indeed a quote by an analyst, it may be one from a Twitter conversation between him and Mow, but the latter did not share any details.
In a comment, Samson Mow published a screenshot that shows that Bitcoin is currently, indeed, the seventh largest asset in terms of market capitalization size, and the Saudi Aramco oil refineries sit in eighth place, right after BTC. Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) (the Google parent company), Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) are ahead of Bitcoin on the list.
Bitcoin skyrocketing was not “hopium”
Earlier today, Mow published a similar quote from an anonymous analyst from the much more distant past, when Bitcoin was trading at $100. The analyst predicted that Bitcoin would “go from $100 to $150 this year” (which was likely 2013).
That analyst stated that hitting $1,000 for BTC would be “10x” (as in the tweet above), and that it was, according to the analyst, “just not possible.” He assumed that the maximum possible price for Bitcoin would be $200 but not $1,000. Those who believed it would go much higher were “just smoking pure hopium,” he stated.
At the time of this writing, Bitcoin is changing hands at $102,221 after staging a 2.13% rise over the last 24 hours. Over the past week, BTC has surged by more than 12%, rising from $90,680 to the current $102,200 zone.
This article was originally published on U.Today
