ChainCatcher news: According to Cointelegraph, Samson Mow, CEO of Bitcoin technology company Jan3, said, "Bitcoin traders predict that the price will return to the $40,000 level, which may be more out of fear than any technical fundamentals. A fear-driven market will never last too long, because fundamentals will win out over time, and even if some of the most serious frauds like FTX are exposed, they will not be able to push down the price of Bitcoin in the end. Short sellers say that Bitcoin will fall to $40,000, and there is no basis for this prediction except self-induced fear."
“Bitcoin could easily hit $100k supported by $3 billion in debt per day, strategic Bitcoin reserves, pension allocations, and corporate purchases,” Samson Mow wrote in a Sept. 6 post.
According to the Kobeissi Letter, a global market macro review magazine, the US government is spending $3 billion a day on debt interest, three times the amount it paid 10 years ago and doubling in just 2.5 years. “Crisis” is an understatement.
