PakGazette – Renowned maximalist Samson Mow, former CSO of Adam Back’s Blockstream and currently CEO of JAN3 and a few other companies, believes there is not much time left to accumulate the digital gold: Bitcoin.
In his tweet, he mentioned the most recent Bitcoin purchases made by Michael Saylor’s business intelligence firm MicroStrategy, revealing the main reason for that hasty accumulation.
“Saylor is hitting the ATM hard,” says Mow
The JAN3 boss commented on several recent giant Bitcoin purchases announced by MicroStrategy, which has been accumulating BTC since 2020. Mow tweeted that “Saylor is hitting the ATM hard” as he is aware that “the window to accumulate Bitcoin is closing.” closing quickly.” The abbreviation ATM here stands for “Accumulate, Time, Machine”.
Mow suggested that those entities or retail investors who are still planning to purchase Bitcoin should reduce their time preference and act quickly before Bitcoin shoots up to a price range where only a few will be able to purchase it.
Mow added that the strategy implemented by Saylor is worth following as it helps add more value to shareholders: “I would do exactly the same. This represents an increase in value for shareholders.”
This is when it’s too late to buy Bitcoin, according to Mow
In another recently posted tweet, Mow addressed a popular thesis that “Bitcoin is still early.”
The JAN3 boss commented on a tweet in which a Bitcoiner said his coworker had been asking if it was too late to buy BTC. Quoting this tweet, Mow said: “If you have to ask, it’s still early.”
However, in a comment, he added that once Bitcoin replaces the US dollar or becomes its official equivalent in the US, meaning prices and bills would be counted in Satoshis, it will be too late to buy BTC: “It will be late when your utility bill arrives and it is denominated in sats.”
Several times this year, Samson Mow shared a prediction that Bitcoin will soon surpass the price and adoption line, after which users will only be able to earn BTC, not buy it. This week, Bitcoin skyrocketed to a new all-time high above the $107,000 level.
