A prominent Bitcoin champion and head of the Bitcoin startup JAN3, Samson Mow has sounded the alarm on the falling opportunity to become a BTC hodler, or a holder of Bitcoin, nicknamed “digital gold”.
In a bid to get the ball rolling, the former CSO of Blockstream made it clear on social media that time is running out before BTC becomes too pricey for too many investors to maintain an interest.
Notorious BTC skeptic James Mow praised Michael Saylor’s MicroStrategy in a recent tweet for its aggressive BTC acquisition strategy. Mow tweeted that Saylor is hitting the ATM hard, a reference to the limited window for buying BTC to accumulate, Time, Machine.
Mow Supports Saylor’s Strategy, Highlights Benefits for Long-Term Bitcoin Investors
Retail and institutional investors, he stresses, need to sympathize with Bitcoin’s time preference and need to shift from their current time preference quickly before BTC’s material boundaries exceeding the budgets of a select few.
I would do the exact same thing, Mow commended Saylor’s approach. Such a strategy is value accretive for shareholders, he said, highlighting the positives this approach has for long term investors.
In a second tweet, Mow responded to a Bitcoiner who complains that their coworker doesn’t believe in buying BTC because BTC is still early. It’s still early, and if you have to ask, it’s early said Mow.
But he warned that the window of opportunity will close once BTC replaces or overtakes the U.S. dollar as a standard currency. ‘It will be late when your utility bill comes in at night and it’s sats on dem.’ he joked.
The case for Bitcoin tipping point has been repeatedly made by Mow who has predicted Bitcoin’s price and adoption will crest a tipping point at some point and hence the highest and best use for BTC acquisition will be to earn BTC.
BTC hit a new all time high of $107,000 this week and with that attention has returned to the cryptocurrency market, which brought his warnings. With Mow’s wisdom and BTC’s bounce, investing becomes more urgent than ever.
