- Jan3 CEO, Samson Mow, has highlighted the growing demand for Bitcoin, which now significantly surpasses its supply.
- Mow predicts a new conflict surrounding Bitcoin is likely to arise soon, due to the involvement of larger players in the market.
- Bitcoin ETFs, MicroStrategy, and Tether are among the entities buying large amounts of Bitcoin daily, further increasing demand.
Jan3 CEO, Samson Mow, predicts a new conflict surrounding Bitcoin due to increasing demand and the involvement of larger market players. Bitcoin ETFs, MicroStrategy, and Tether are among the entities contributing to this demand.
Bullish Bitcoin call from Jan3 boss
Samson Mow, CEO of Jan3 and a well-known Bitcoin advocate, has drawn attention to the increasing demand for Bitcoin, which now significantly exceeds its supply. According to Mow, American spot Bitcoin ETFs are buying approximately 1,626 BTC per day. In addition, MicroStrategy is buying 199 BTC per day, and Tether is acquiring 70 BTC per day. With only 450 BTC minted daily since the new halving in April, Mow suggests that the overall demand for Bitcoin has now likely surpassed the available supply by 5-10 times.
Big new Bitcoin conflict in sight, Mow says
In a recent interview, Mow shared his prediction of a new Bitcoin conflict arising soon. While he did not specify the exact timing, he suggested that it would be much larger than previous conflicts. Mow attributes this potential conflict to the changing landscape of the Bitcoin market, with larger players now involved. He cited BlackRock and Fidelity as examples of these new, larger entities. The conflict could be over anything, from the Bitcoin block size to the addition of a “travel rule” into Bitcoin, and Mow believes it could be 10x or 100x larger than past conflicts.
Conclusion
The increasing demand for Bitcoin, which now significantly surpasses its supply, coupled with the involvement of larger market players, could lead to a new conflict surrounding Bitcoin. Entities such as Bitcoin ETFs, MicroStrategy, and Tether are contributing to this demand, and the conflict could be over any aspect of Bitcoin. As the landscape of the Bitcoin market continues to change, it will be important to monitor these developments closely.
