U.Today – Samson Mow, a strong supporter and CEO of JAN3, posted a tweet to lash out at critics who doubted BTC’s ability to skyrocket to $100,000 and overtake Saudi Aramco (TADAWUL:) in terms of market capitalization size.
He posted a tweet with a “quote” that appears to be comprised of multiple doubts expressed publicly by various Bitcoin critics while the world’s largest cryptocurrency was trading at $10,000. But Mow said he was an NPS analyst, without revealing his name.
Bitcoin has overtaken Saudi Aramco, Mow reminds us
Mow posted a tweet that he said was originally posted by “a random NPC analyst from the past.” The tweet shares the author’s doubts that Bitcoin could one day go from $10,000 to $100,000. According to the BTC critic, this “would make it the 7th largest asset in terms of market capitalization, ahead of Saudi Aramco.”
“If you want to make price predictions, at least base them on reality,” he added. Overall, if this was indeed a quote from an analyst, it might have been a Twitter conversation between him and Mow, but the latter didn’t share any details.
In a comment, Samson Mow posted a screenshot that shows that Bitcoin is currently the seventh largest asset in terms of market capitalization, and Saudi Aramco oil refineries are in eighth place, just after BTC. Amazon (NASDAQ:), Alphabet (NASDAQ:) (the parent company of Google), Microsoft (NASDAQ:) and Apple (NASDAQ:) are ahead of Bitcoin on the list.
Bitcoin’s surge wasn’t “hopium”
Earlier today, Mow posted a similar quote from an anonymous analyst from the much more distant past, when Bitcoin was trading at $100. The analyst predicted that Bitcoin would “go from $100 to $150 this year” (which was likely the case in 2013).
This analyst said that reaching $1,000 for BTC would be “10x” (as in the tweet above) and that, according to the analyst, it was “simply not possible.” He assumed that the maximum possible price of Bitcoin would be $200 but not $1,000. Those who thought the price would go much higher were “just smoking pure hopium,” he said.
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