Bitcoin has been struggling lately, with geopolitical tensions causing a sharp drop in its price. But one prominent investor, Samson Mow, remains optimistic.
Mow’s View on Bitcoin’s Future
Mow believes the current market volatility is just a temporary setback. He’s confident that Bitcoin will bounce back stronger in the long run. He calls this future period “Omega time” for Bitcoin, a time of growth and stability.
The Bitcoin Halving Event
One key factor behind Mow’s optimism is the upcoming Bitcoin halving event. This event happens every four years and reduces the reward miners get for verifying transactions. Mow sees this as a “massive supply shock” that will create scarcity and drive up demand for Bitcoin.
Market Confusion
However, there’s some confusion in the market about the halving event. Some investors are unsure if it will raise or lower Bitcoin’s price. Others worry that miners will stop operating due to reduced profitability.
Mow’s Perspective
Mow acknowledges these concerns but believes that clarity will come as the market adjusts to the new supply dynamics. He sees Bitcoin’s underlying strength and resilience as reasons to remain optimistic.
