- Samson Mow, CEO of Jan3, a company dedicated to helping nations adopt Bitcoin, has made a significant statement about Bitcoin and its enigmatic creator.
- He commemorated “Bitcoin Day,” January 3, 2009, marking a crucial shift in the global monetary system.
- Mow also shared his views on the emergence of “diamond-handed Bitcoin holders,” who are created under extreme market pressure.
Samson Mow, CEO of Jan3, reflects on the significance of “Bitcoin Day” and discusses the emergence of resilient Bitcoin holders in the volatile crypto market.
“Monetary dark ages ended”
On January 3, 15 years ago, Mow tweeted that a new era in monetary history began, marking the end of “the monetary dark ages.” This date is recognized as Bitcoin Day, as it was the timestamp for Bitcoin’s genesis date. This shift was highlighted in a Times article that discussed the economic instability caused by fractional reserve banking. Mow’s company name, Jan3, intriguingly mirrors the date of Bitcoin Day.
Bitcoin’s birth amidst financial crisis
The years 2008 and 2009 were marked by the mortgage bonds crisis, which is believed to have spurred Satoshi Nakamoto to create Bitcoin. In response to the crisis, the Federal Reserve began printing additional U.S. dollars and injecting them into the economy, a process known as quantitative easing. Nakamoto launched Bitcoin in 2009 and mysteriously vanished from the public eye the following year, leaving Bitcoin in the hands of developers.
Mow: Diamond BTC holders appear now
In a recent tweet, Mow shared his thoughts on the emergence of “diamond-handed Bitcoin holders.” According to Mow, these resilient investors are not born but are forged under extreme market pressure, much like diamonds. He believes that significant market drawdowns and subsequent recoveries create more of these “diamond hands” as they seize the opportunity to buy the dip. In contrast, “paper hands” are those who easily part with their holdings when the price starts to show a serious correction.
Conclusion
In conclusion, Mow’s reflections underscore the transformative impact of Bitcoin on the global monetary system and the resilience of Bitcoin holders amidst market volatility. As the leading cryptocurrency continues to evolve, it will be interesting to see how these dynamics continue to shape the crypto landscape.
