In recent weeks, the cryptocurrency market has been subject to bearish trends, causing crypto market capitalization to drop to its lowest point in more than two months.
Despite the overall market climate, some market analysts still remain confident that Bitcoin (BTC) and other altcoins are resilient. Not only the market analysts, but many others share this bullish sentiment.
At the BTC Prague 2023 event, Samson Mow, CEO of Jan3, conversed with Cointelegraph about his perspective of the present Bitcoin market and why he is optimistic for the upcoming and long-term future.
Mow declared that anything priced below $30,000 is “massively undervalued” and is sure to recover soon. The last time Bitcoin was at that cost was in April 2023, the first time in 10 months.
Despite this, Mow declared he is not pessimistic in the slightest and is confident that BTC will reach six digits.
He pointed out that this is becoming increasingly evident globally as traditional financial systems continue to experience unrest.
Mow predicted to Cointelegraph that there will be an influx of Bitcoin usage within the next five years.
“It is possible for anyone to create value within the Bitcoin ecosystem,” said BTC Prague 2023.
Mow stated that there is no better time than the present when it comes to the technology behind Bitcoin.
“It appears that people are just beginning to realize that liquid should be investigated,” he declared. “It’s a thrilling period for those keeping an eye on the technical side of Bitcoin, so stay alert, everyone!”
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