Samson Mow Comments on Bitcoin Crash

Samson Mow, a Bitcoin supporter and CEO of Bitcoin-focused company JAN3, recently addressed the Bitcoin crash on the X social media network (formerly Twitter).

The leading cryptocurrency, Bitcoin, saw a decline of more than 7%. Although it initially began to recover, the downward trend persisted.

Mow’s Bitcoin Statement: “Bitcoin is Oversold”

In his tweet, Mow described Bitcoin as “oversold” and urged the market to “run it back.” As of now, Bitcoin has dropped a total of 7.45% over the last 24 hours, losing 3.54% today alone, with a current trading price of $88,830, the lowest since mid-November 2024, according to CoinMarketCap.

Experts attribute this crash to upcoming import tariffs imposed by President Trump on Canada and Mexico, set to take effect on March 4. Additionally, there have been significant liquidations in the crypto market and large outflows from Bitcoin spot ETFs.

> #Bitcoin is oversold. Run it back.
> — Samson Mow (@Excellion) February 25, 2025

In the comments under Mow’s post, some users expressed that the lower Bitcoin prices could benefit the community by allowing them to buy BTC at a discount.

Michael Saylor Says Bitcoin is on Sale

Earlier today, Michael Saylor, a prominent Bitcoin evangelist and executive chairman of Bitcoin-powered company Strategy, tweeted about the current buying opportunity, stating that “Bitcoin is on sale.”

To highlight his point, Strategy announced a significant acquisition of $1.99 billion, purchasing 20,356 BTC using funds raised from a recent convertible senior notes offering to institutional customers. The company’s Bitcoin holdings now total 449,096 BTC, valued at approximately $33.1 billion, with plans to exceed 500,000 BTC in total holdings.