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Crypto Expert Reckons $27K is Still a Good Price For BTC


by CoinEdition

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BTC Breaking Above $28K Will Signal Full Bull Says Analyst
  • According to Samson Mow, $27,000 is a good price to buy Bitcoin.
  • Mow compared Bitcoin’s value with the United States debt profile.
  • The U.S. added more than the equivalent of half of Bitcoin’s market cap in debt in one day.

According to Samson Mow, CEO of Pixelmatic, $27,000 is a good price to buy Bitcoin (BTC). In a recent post, Mow compared Bitcoin’s value with the United States’ debt profile. He noted that the U.S. added more than the equivalent of half of Bitcoin’s entire market cap in debt in a single day.

Mow shared a screenshot of data containing the latest U.S. borrowing activity on X (formerly Twitter). The shared data showed that the U.S. borrowed $275 billion in one day, causing its debt profile to reach a record high of $33.442 trillion.

Most respondents to Mow’s post considered the current U.S. debt profile absurd. One of them, Muaawiyah Tucker, thinks try…

The post Crypto Expert Reckons $27K is Still a Good Price For BTC appeared first on Coin Edition.

Read the article at CoinEdition

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Coins

$ 87.95K

+3.16%

$ 0.00...361

$ 3.46

$ 1.02


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Crypto Expert Reckons $27K is Still a Good Price For BTC


by CoinEdition

Share:

BTC Breaking Above $28K Will Signal Full Bull Says Analyst
  • According to Samson Mow, $27,000 is a good price to buy Bitcoin.
  • Mow compared Bitcoin’s value with the United States debt profile.
  • The U.S. added more than the equivalent of half of Bitcoin’s market cap in debt in one day.

According to Samson Mow, CEO of Pixelmatic, $27,000 is a good price to buy Bitcoin (BTC). In a recent post, Mow compared Bitcoin’s value with the United States’ debt profile. He noted that the U.S. added more than the equivalent of half of Bitcoin’s entire market cap in debt in a single day.

Mow shared a screenshot of data containing the latest U.S. borrowing activity on X (formerly Twitter). The shared data showed that the U.S. borrowed $275 billion in one day, causing its debt profile to reach a record high of $33.442 trillion.

Most respondents to Mow’s post considered the current U.S. debt profile absurd. One of them, Muaawiyah Tucker, thinks try…

The post Crypto Expert Reckons $27K is Still a Good Price For BTC appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 87.95K

+3.16%

$ 0.00...361

$ 3.46

$ 1.02


Share:

In This News

Coins

$ 87.95K

+3.16%

$ 0.00...361

$ 3.46

$ 1.02


Share:

Read More

Japan’s rate hike ends the ‘free money’ era and puts Bitcoin on notice

Japan’s rate hike ends the ‘free money’ era and puts Bitcoin on notice

The Bank of Japan tightened policy on Dec. 18, lifting its benchmark rate to 0.75%, t...
Bitcoin: How did BTC react to U.S. inflation cooling down?

Bitcoin: How did BTC react to U.S. inflation cooling down?

Could a soft inflation print be the spark that kickstarts a crypto rally in early Q1 ...