U.Today – Samson Mow’s Insights on Bitcoin

Samson Mow, a strong advocate for Bitcoin and CEO of JAN3, discussed the anticipated behavior of Bitcoin at the end of “Uptober.”

Bullish Outlook for November

Mow’s tweet comes as Bitcoin has recently climbed, nearing the $64,000 level after recovering to $63,000. Notably, Mow predicts a bullish November, coining the term “No-dip-vember” as he expects the price to continue rising without dips.

Bitcoin has seen a 6.20% increase from last week, rising from around $60,000 to $63,800. Currently, it stands at $63,520. The cryptocurrency experienced 3% growth since Friday, boosted by better-than-expected US jobs reports that encouraged investments in risk assets like Bitcoin.

Possible Chinese Connection to Satoshi

Additionally, Mow commented on speculation regarding Satoshi Nakamoto’s potential ties to China. Responding to comments by hedge fund manager Kyle Bass, Mow noted his work in China during Bitcoin’s inception in 2009 and his management at the largest Bitcoin exchange there. He drew parallels between the names “Satoshi Nakamoto” and “China” in hieroglyphs, suggesting there might be a link.

Bass posited that Bitcoin could have been a Chinese intelligence operation aimed at undermining the US dollar’s dominance. These discussions have gained traction on social media ahead of the anticipated HBO documentary, which promises to reveal the true identity of Bitcoin’s creator.

This article was originally published on U.Today.