As of this writing, Bitcoin is changing hands at $92,666. Since last Friday, when Bitcoin reached a new all-time high, stopping inches away from the $100,000 level, BTC has lost roughly 7.14% by now.
Black Friday starts this week, on Nov. 29. Therefore, Mow addressed his followers on the X platform with his “Bitcoin Black Friday” message.
In the comments thread, X user @mrduste23 tagged the Blockstream CEO and cypherpunk Adam Back, saying that according to Back, Bitcoin is likely to reach a seven-digit price should the U.S. indeed add BTC as a reserve asset.
The renowned cypherpunk, who was mentioned by Satoshi Nakamoto in the Bitcoin white paper, joined the discussion. He said that he was skeptical about that statement; otherwise, he said, Bitcoin is “very mispriced now.”
Back added that he believes the “market also doesn’t think it’s going to happen.” Otherwise, according to the renowned Bitcoiner, “Bitcoin would already be a bit higher” than where it is trading at the moment.
As long as they continue adding to their Bitcoin batches, Santiment said, “a bullish argument remains strong, and any fall may be short lived.”
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
