Paul Vigna, co-author of the “The Age of Cryptocurrency” book, also made a comment on that suggestion, and Mow basically responded to him, citing Vigna’s tweet in his own.
Mow responded to that, saying that he saw that as the beginning of conversations on whether Bitcoin is a reserve asset or not. The JAN3 boss shared his expectations, saying that “The preconception of what is a “safe asset” and what is “volatile” will be shattered in the coming months.” Perhaps this is another statement of the “super bullish Bitcoin news” that he promised last week, saying that it will become known within the next few days.
Overall, Mow is a believer that within the next year, Bitcoin is bound to skyrocket to $1 million per coin. On Saturday, he tweeted that by 2045 he does not expect the U.S. dollar to exist.
That happened as, over the past 24 hours, the global flagship digital currency gained approximately 3.7% and came very close to recapturing the $70,000 price level. There was one particularly big hourly green candle that pushed Bitcoin up 1.45%. As of this writing, BTC is trading in the $69,500 zone. As for a slightly broader picture, since last Thursday, Bitcoin has increased by 8.57%, gradually soaring from the $64,030 price tag.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
