Vocal Bitcoiner Samson Mow optimistically explains why current Bitcoin crash is taking place
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Bitcoin spot ETF had a total net outflow of $237 million on August 2, Grayscale ETF GBTC had a single-day outflow of $45.9462 million, Fidelity ETF FBTC had a single-day net outflow of $104 million, and BlackRock ETF IBIT had a single-day inflow of $42.8142 million.…The largest amount of funds was lost by Fidelity ETF FBTC with a single-day net outflow of $104 million. Grayscale ETF continues to lose funds as well, this time investors withdrew $45.94 million from it.
Earlier this week, Samson Mow commented on the recent suggestion made by the pro-crypto senator Cynthia Lummis to create strategic Bitcoin reserves for the U.S. government within the next five years. This announcement was made during the Bitcoin 2024 event in the U.S., Nashville, Tennessee. The senator suggested buying 1,000,000 Bitcoins over the next five years, which would constitute roughly 5% of all the 21-million Bitcoin supply, most of which has already been mined., therefore making them not slow down or decrease the massive BTC price growth, he expects. The JAN3 CEO is a believer that within one year from now, Bitcoin is bound to reach $1 million per coin.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.
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