Samson Mow, the chief executive on the Jan3 company focused on helping nation states to adopt the leading cryptocurrency, has taken to his account on X to send an important message on BTC and its mysterious creator to the community.
Mow has recalled the so called “Bitcoin day” that after many years January 3, 2009, was named this way. Mow tweeted that on that day a pivotal point for the global monetary system took place.
“Monetary dark ages ended”
Mow tweeted that on January 3 fifteen years ago a new epoch in the monetary history began as “the monetary dark ages ended.” January 3 is believed to be the Bitcoin Day since that day was a timestamp for the Bitcoin genesis date, according to a headline that came out in the Times. That article also contained comments on the instability posed onto the economy by fractional reserve banking. Curiously, Mow’s company name is similar to that of the Bitcoin day – Jan3.
The monetary dark ages ended on January 3, 2009.#Bitcoin @JAN3com
— Samson Mow (@Excellion) May 4, 2024
Overall 2008 and 2009 were the years of the mortgage bonds crisis which is believed to have pushed Satoshi Nakamoto to create Bitcoin. To support the economy back then, the Fed Reserve started printing additional US dollars, injecting them into the economy in an act of quantitative easing.
Satoshi launched Bitcoin in 2009 and the following year, he suddenly left Bitcoin in the hands of developers and disappeared from the public view to start on new projects.
Mow: diamond BTC holders appear now
In another recent tweet, Mow shared his take on how “diamond-handed Bitcoin holders” emerge in the market. They are not usually just born, Mow believes, “they are forged from extreme pressure” similarly to real diamonds.
Once a new massive Bitcoin drawdown takes place, Mow stated, and the market first dives into it and then recovers, more of those “diamond Bitcoin hands” are created since they buy the dip. Those who are opposed to “diamond hands” are called “paper hands” in the cryptocurrency market since they part with their holdings easily once the price begins to show a serious correction.
Diamond handed #Bitcoin HODLers are not born, they are forged from extreme pressure, just like diamonds are. Every “scary” drawdown that we encounter and then recover from creates more of them.
— Samson Mow (@Excellion) May 5, 2024
At the time of this writing, the leading cryptocurrency is changing hands at $64,445. Over the weekend, Bitcoin has managed to print an impressive recovery, regaining 9.16%.
