‘There’s no more exciting time than now’ for Bitcoin: BTC Prague 2023
In recent weeks, the cryptocurrency market has faced bearish trends, driving crypto market capitalization down to its lowest level in over two months.
However, according to some market analysts, Bitcoin (BTC) and other altcoins are still resilient despite the overall market climate. But, it’s not only the market analysts still holding onto the bullish sentiment.
At the BTC Prague 2023 conference, Jan3 CEO Samson Mow spoke with Cointelegraph about how he sees the current state of the Bitcoin market and why he’s bullish for the near and long-term future.
In terms of price, Mow said that anything under $30,000 is “massively undervalued” and bound to make a rebound sometime soon. The last time BTC hit that price point was in April 2023, for the first time in 10 months.
Nonetheless, Mow said he’s not bearish at all and believes BTC will hit six figures.
He highlighted that this is becoming more apparent worldwide as traditional financial systems continue to face turmoil.
Mow told Cointelegraph that he expects to see a wave of Bitcoin adoption within the next five years.
Related: BTC Prague 2023: ‘Anyone can produce value in the Bitcoin ecosystem’
In terms of the technology behind Bitcoin, Mow said, “there’s no more exciting time than now.”
“I think people are just now understanding that maybe we should look into liquid,” he said. “It’s a very exciting time if you’re paying attention to the technical part of Bitcoin, so pay attention, everyone.”
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