CSO of Blockstream Says Buying Bitcoin below $30k is an "Incredible Deal"
Samson Mow, the Chief Security Officer of Blockstream, has tweeted saying buying Bitcoin below $30k is an "incredible deal." At the time of writing, the BTC/USD price is swinging below $28k—its all-time high. Analysts and leading banks, including JP Morgan, predict even more price gains above $30k.
The Bitcoin price, by the close of this year, would have more than doubled year-to-date, after printing above $28k. The digital asset--said to be better than gold, has been on a tear in 2020 at the back of several triggers, including central bank debasement and the measures taken by governments to arrest the spread of Coronavirus. With inflation expectations and the need to preserve value, the influx from institutions and public support from some hedge fund billionaires have seen the coin's price rally. A JP Morgan analyst now expects even more inflow from leading public companies.
Impact on the BTC Price:
Bullish. Samson is a Bitcoin bull, developing the layer-2 solution—Lightning Network. His comments confirm the general belief and expectation of the crypto community.
More market updates on our Blog