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Today in the early morning, Bitcoin price reached $65,000 in futures trading, reflecting a bullish momentum once again. On the other hand, the famous Bitcoin maximalist and CEO of JAN3, a company focused on helping governments adopt BTC, Samson Mow, made significant statements about Bitcoin and drew attention. His statements about Bitcoin price on X caused a great stir.
When Will BTC Sales End?
Mow shared his views on the current state of BTC price movement and said that the $100,000 price level (as indicated in his tweet below as 0.01 million dollars) is expected to be a significant level for the end of the “Bitcoin sale” currently happening in the market. He said:
Any price below 0.1 million dollars is still #Bitcoin on sale.
Mow holds the view that Bitcoin, which is indisputably at the top of cryptocurrencies, will surpass the $1 million level in the future and believes this will happen within a year from this summer, as he shared in a tweet recently.
Earlier this week, Mow shared the categories of people most likely to invest in Bitcoin as a risk-free asset. He commented that these people are “those who understand money” and people living in countries suffering from inflation and oppressive regimes.
How Much is 1 Bitcoin in TL?
On Friday, August 23, Bitcoin hosted a noticeable rise. It was observed that the price increased by over 6% and jumped from the $60,700 level to reach the $64,950 region. After a slight pullback, BTC fell a bit and continues to find buyers at the $64,230 level.
There were significant reasons behind the large increase in Bitcoin price. The price movement started in full swing after Fed Chairman Jerome Powell made a statement about “the time has come” for a rate cut. This was interpreted as the Fed being determined to start lowering interest rates after more than a year.
However, according to information shared by the Wall Street Journal, this situation will be shaped based on the risk balance in the US economy.
Finally, looking at the BTC/TRY pair, it was observed that the price increased by 0.47% to reach 2,189,663 TL.
