Samson Mow forecasts Bitcoin rally to exceed inflation
@Excellion: Samson Mow on Bitcoin rally
Samson Mow, a prominent figure in the cryptocurrency field, suggests that the Bitcoin bull market has not yet commenced.
In a recent tweet, Mow applied an estimated real inflation rate of 11% to Bitcoin's all-time high price of November 2021, which was $68,789. According to his calculation, this adjustment results in an inflation adjusted high of $100,000. Mow points out that a Bitcoin price of $120,000 would just beat inflation by 19%, or around 4.8% annually.
His analysis highlights that the current market conditions for Bitcoin are still poised for significant growth, indicating that the cryptocurrency has potential to outperform inflation rates over time.
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Mow’s current perspective on Bitcoin’s inflation-adjusted potential aligns with his previous observations regarding market imbalances, notably his examination of real estate dominance and its implications for financial stability. His continued engagement with the crypto community, exemplified by the in-depth Bitcoin insights shared at a Prague dinner, underscores the breadth of his analysis across interconnected sectors.
In the previous news, tweet author Samson Mow discussed the advancements in Bitcoin's Lightning Network, emphasizing its implications for scalability and adoption.
