Pakinomist – Samson Mow, a vocal supporter and JAN3 CEO, has posted a tweet to take a jab at the critics who doubted BTC’s ability to skyrocket to $100,000 and surpass Saudi Aramco (TADAWUL:) by market capitalization size.
He posted a tweet with a “quote” that appears to consist of several doubts expressed publicly by various Bitcoin critics as the world’s largest cryptocurrency traded at $10,000. But Mow said it was an NPS analyst, without disclosing the name.
Bitcoin outperformed Saudi Aramco, Mow reminds us
Mow posted a tweet that he said was originally issued by “some random NPC analyst from the past.” The tweet shares the author’s doubts that Bitcoin would ever see a rise from $10,000 to $100,000. This, the BTC critic said, would “make it the seventh largest asset by market capitalization ahead of Saudi Aramco.”
“If you’re going to make price predictions, at least base them on reality,” he added. Generally, if this was indeed a quote by an analyst, it may be one from a Twitter conversation between him and Mow, but the latter did not share any details.
In a comment, Samson Mow published a screenshot showing that Bitcoin is actually currently the seventh largest asset in terms of market cap size, with Saudi Aramco oil refineries sitting in eighth place just behind BTC. Amazon (NASDAQ: ), Alphabet (NASDAQ: ) (the parent company of Google), Microsoft (NASDAQ: ), and Apple (NASDAQ: ) are ahead of Bitcoin on the list.
Bitcoin Skyrocketing Wasn’t “Hopium”
Earlier today, Mow published a similar quote from an anonymous analyst from the far more distant past when Bitcoin was trading at $100. The analyst predicted that Bitcoin would “go from $100 to $150 this year” (which was probably 2013).
This analyst stated that hitting $1,000 for BTC (as in the tweet above) would be “10x” and that, according to the analyst, it was “just not possible.” He assumed that the maximum possible price for Bitcoin would be $200, but not $1,000. Those who thought it would go much higher were “just smoking pure hopium,” he said.
At the time of writing, Bitcoin is changing hands at $102,221 after gaining 2.13% over the last 24 hours. Over the past week, BTC has risen by more than 12%, rising from $90,680 to the current $102,200 zone.
