U.Today – Samson Mow on Bitcoin's Future

Samson Mow, a prominent Bitcoin advocate and CEO of JAN3, shared his insights on Bitcoin's trajectory as "Uptober" wraps up.

Positive Outlook for November

Following a recent surge, Bitcoin has risen to approximately $63,000, approaching the $64,000 mark. Mow expressed optimism for November, coining it "No-dip-vember," forecasting continued price growth without significant drops. Over the past week, Bitcoin's value climbed 6.20%, attributed in part to positive US job reports encouraging investment in risk assets like Bitcoin.

Speculation on Satoshi's Identity

Mow also weighed in on the mystery of Bitcoin's creator, Satoshi Nakamoto, suggesting a potential link to Chinese intelligence. He pointed out that during 2009, when Bitcoin was launched, he was in China managing the largest Bitcoin exchange. He posted that the first characters of 'Satoshi Nakamoto' and 'China' in hieroglyphs are identical, which he deemed suspicious. This theory was reinforced by hedge fund manager Kyle Bass's claim that Bitcoin was an intelligence operation aimed at undermining the US economy.

The discussions around Satoshi's identity have intensified ahead of the HBO documentary exploring the elusive figure, which hints at revelations to come.