Samson Mow: 'BTC Should've Hit $100K... This Dip is Manipulation'

IconCryptoNewsTerminal Staff05 Jul, 2024

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Samson Mow: 'BTC Should've Hit $100K... This Dip is Manipulation'

Samson Mow, CEO of Bitcoin tech firm Jan3 and former advisor to El Salvador during the implementation of Bitcoin as legal tender in the country, stated via Twitter that "Bitcoin should realistically be way over $100k by now... This dip is manipulation." In this regard, he aligned himself with the prevailing narrative that this BTC dip was artificially created to suppress price. The timing of the German government wallet and Mt. Gox creditor redemptions during a low-liquidity holiday weekend is too convenient to be a coincidence.