HomeBitcoinCrypto expert believes that...

Crypto expert believes that $27,000 is still a good price for Bitcoin.

Samson Mow, CEO of Pixelmatic, says that it’s a good deal to buy Bitcoin (BTC) for $27,000. In a recent message, Mow talked about how much Bitcoin is worth compared to how much money the US owes. He said that the United States In just one day, they borrowed more than half of Bitcoin’s total value.

In just one day, the US borrowed more than half of Bitcoin’s total value. That’s about 10 million bitcoins. But some people are not sure if $27k is a good price to buy. “The link for the picture is RMxdzB01yL”

Samson Mow tweeted on October 4th, 2023.

Mow posted a picture of the most recent U. S Using X (formerly Twitter) to borrow things. The information that everyone could see, showed that the United States. Borrowed $275 billion in one day, bringing its total debt to a record high of $33. 442 trillion

Many people who saw Mow’s post thought about the current situation in the United States. The amount of debt is way too high. One of them, Muaawiyah Tucker, thinks that trying to understand it shows how serious the situation is. Tucker said the problem doesn’t just come down to how much money the U. S The government is making money, but it’s not clear how much regular people will get compared to wealthy and powerful people. Tucker called the wealthy and powerful people “the owners and controllers of financial capital. ”

Another person named ClipShoe agrees with Mow’s opinion that Bitcoin is worth more than $27,000. ClipShoe says that the price of Bitcoin is still not very high. He thinks lots of new money will come into the finance industry. ClipShoe stated that people who buy things for a long time have run out of money, and things will change a lot when new people start buying.

Bitcoin is used by many people as a way to save money instead of using traditional methods. The main cryptocurrency has been used instead of regular money in lots of countries. Many investors have looked into how the value of it can go up, especially when regular money is not doing well.

Right now, the price of Bitcoin is $27,647. Many financial experts think that the price of Bitcoin will increase in the next few months because of different reasons, such as the strong U. S economy Debt profile means the amount of money a person or a company owes to others.

This article is only for learning and understanding, not for making any important decisions. The article is not giving any advice about money or anything else.

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Binance follows an Israeli request and takes control of Palestinian money.

Crypto exchange Binance has taken all money from Palestinians after a...

BlackRock’s IBIT fund got $224. 06 million

Spot Bitcoin exchange-traded funds (ETFs) in the United States have seen...

Babylon Pioneers Bitcoin Staking Mainnet Opening Modern Utility

The Babylon Protocol started the first part of its Bitcoin staking...

- A word from our sponsors -

Read Now

Binance follows an Israeli request and takes control of Palestinian money.

Crypto exchange Binance has taken all money from Palestinians after a request from the Israeli Defense Forces (IDF). Ray Youssef said that the exchange will not give back the money. All requests have been turned down. Palestinians impacted by this decision have had their accounts locked and cannot...

BlackRock’s IBIT fund got $224. 06 million

Spot Bitcoin exchange-traded funds (ETFs) in the United States have seen money coming in for eight days in a row. On Monday, these funds received $202. 51 million from investors, showing that people are still interested in Bitcoin even with recent ups and downs in the market. The biggest...

Crypto investments increased a lot last week after Powell’s speech, according to CoinShares.

Last week, a lot of money came into crypto investments, the most in five weeks, as reported by CoinShares in their weekly update. Sure However, it looks like you haven't included any text to rewrite. Please provide the text you want me to simplify, and I'll help...

Babylon Pioneers Bitcoin Staking Mainnet Opening Modern Utility

The Babylon Protocol started the first part of its Bitcoin staking program on August 22. This means people can now manage their own Bitcoin in a new way. In a post on X, Babylon shared that they have a new system that lets people earn rewards by locking...

Bitcoin battles with strongly offering weight

Bitcoin is facing a lot of selling, and things don't look good for it. The interest in the top cryptocurrency has gone down, as shown by on-chain data and how people are holding it, indicating a negative trend. Weeks of boring price movement have lowered people's feelings about...

Mt. Gox transferiert $855 Millionen in Bitcoin auf nicht identifizierte Wallet, hält immer noch $2.7B BTC

Die Kryptobörse Mt. Gox hat am Mittwoch Bitcoin im Wert von mehr als 855 Millionen Dollar an nicht identifizierte Wallet-Adressen verschoben, wie Daten von Arkham zeigen. Die Daten zeigen zwei große Transaktionen. Eine für 74 Mio. $ wurde an eine Wallet geleitet, die als Mt. Gox Cold Storage identifiziert...

A positive outlook could help raise the value of crypto and gold before the U. S news Voting events .

The money markets are getting a bit wild, and this might affect cryptocurrencies and gold. August has been a crazy month. Traders are taking big risks because there's less money available to buy and sell than usual. Also, many companies are spending a lot of money on buying...

In the second quarter of 2024, top hedge funds encouraged big investors to invest more in Bitcoin ETFs.

In the second quarter of 2024, more organizations showed a strong interest in Bitcoin exchange-traded funds (ETFs) than ever before. Recent information from Sam Baker, a research analyst at the Bitcoin investment company River, shows that 60% of the top 25 hedge funds in the US own...

Bitcoin Open Interest Rises to $365 Million Before US Election .

Traders have secured $365 million in Bitcoin options that will expire four days after the US presidential election on November 4th. The election expiry options, which will be settled on November 8th, started trading on Deribit a month ago. The total value of active options contracts is 364. 065...

Ledn has obtained a $50 million loan backed by Bitcoin from Sygnum Bank.

Ledn, a crypto lending platform, announced that it has gotten a $50 million loan, backed by Bitcoin, from the Swiss bank Sygnum. Ledn announced that it will use the loan to grow its retail lending services, provide bank-level safety for assets, and secure clients' Bitcoin collateral. The $50 million...

Bitcoin hits resistance while Ethereum struggles to keep up

Bitcoin is facing strong obstacles, and Ethereum is struggling even more to recover. Bitcoin is currently around $60,842, which is a nearly 4% rise from where it was before. But don't get too excited just now. Bitcoin, the leading cryptocurrency, has been trading between $57,000 and $62,000 for about...

A detailed look at Kamala Harris’s economic plans for the United States.

A detailed overview of Kamala Harris's economic plans for the United States. Kamala Harris is working on her economic plans as she aims for the presidency. She is focusing on helping the middle class, lowering costs, and making sure big companies follow the rules. Her suggestions appear to blend...