Cryptocurrency

Bitcoiner Samson Mow reveals MicroStrategy’s major secret in an exclusive interview with U.Today.

Bitcoin Evangelist Samson Mow Reveals MicroStrategy’s Success Secret

Samson Mow, a prominent Bitcoin evangelist and the head of Jan3, a Bitcoin-focused company, recently took to Twitter to highlight the pivotal role of Bitcoin in the success of major companies like MicroStrategy and Tether.

Mow sheds light on MicroStrategy and Tether’s success strategy

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Mow believes that the market capitalization of companies like MicroStrategy and Tether is attributed to their exclusive focus on Bitcoin within the cryptocurrency market. MicroStrategy has been consistently adding large amounts of BTC to its balance sheet since August 2020, holding an impressive $8.7 billion worth of Bitcoin, surpassing the company’s market capitalization by $1 billion. On the other hand, Tether recently acquired a Bitcoin stash worth $380 million, currently holding 66,465 BTC.

Mow emphasizes the significance of Bitcoin over Ethereum, criticizing the latter’s market capitalization and praising Bitcoin’s resilience and growth trajectory. He also took a humorous dig at Ethereum, likening the “Bitcoin-Ethereum” pair to the “gold-silver” one, stating that “Ethereum is fool’s Bitcoin.”

Mow’s optimistic forecast for Bitcoin reaching $1 million is grounded in the changing market fundamentals and the cryptocurrency’s independent growth, irrespective of ETF approvals. He firmly believes in Bitcoin’s organic rise, unaffected by external factors.

This article was originally published on U.Today

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