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COINTURK NEWS > Bitcoin (BTC) > Samson Mow Discusses Bitcoin’s Impact on the Monetary System
Bitcoin (BTC)

Samson Mow Discusses Bitcoin’s Impact on the Monetary System

In Brief

  • Samson Mow claims Bitcoin ended the monetary dark age in 2009.

  • January 3 is celebrated as Bitcoin Day, marking its birth.

  • Diamond-handed investors emerge by buying dips during market lows.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Jan3 CEO Samson Mow focused on helping nation-states discover Bitcoin, the largest cryptocurrency, and its inventor Satoshi Nakamoto. Mow referred to January 3, 2009, as “Bitcoin Day,” claiming it marked the beginning of a significant shift for the global monetary system.

Contents
“The Monetary Dark Age Has Ended”Mow: Diamond-Handed Bitcoin Investors Emerge

“The Monetary Dark Age Has Ended”

Samson Mow claimed that the introduction of Bitcoin on January 3, 2009, ended the monetary dark age and initiated a new era in monetary history.

It is well-known that Mow’s personal X account announcement pointed to January 3, 2009, as Bitcoin Day. According to an article published in the Times, this date is believed to be Bitcoin’s birthday. The article also includes expert opinions on the instability caused by fractional reserve banking on the economy.

Generally, the years 2008 and 2009, driven by the mortgage crisis believed to have pushed Satoshi Nakamoto to develop Bitcoin, were marked by the Fed printing additional US dollars and injecting them into the market through quantitative easing. Following this, Nakamoto launched Bitcoin in 2009 and disappeared the next year after expressing a desire to start new projects.

Mow: Diamond-Handed Bitcoin Investors Emerge

Mow recently shared his views in another tweet on how “diamond-handed Bitcoin investors” are emerging, praising those investors. According to Mow, these investors do not just appear; they are formed under extreme market pressure, similar to real diamonds.

The CEO of Jan3 mentioned that more diamond-handed Bitcoin investors emerged when there was a sharp price drop in Bitcoin followed by a recovery, as they bought the dip. In contrast, those who sold their Bitcoins quickly when prices plummeted are referred to as “paper-handed Bitcoin investors.”

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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