Exciting times for Bitcoin BTC Prague 2023.

Recently, the cryptocurrency market has been experiencing a downturn, causing the overall market capitalization to drop to its lowest level in more than two months.

Nevertheless, some market analysts believe that Bitcoin (BTC) and other altcoins remain resilient despite the current market climate. And it’s not just the market analysts who are optimistic about the future.

Samson Mow, the CEO of Jan3, spoke with Cointelegraph at the BTC Prague 2023 conference about his bullish outlook for the near and long-term future of the Bitcoin market.

Mow believes that anything under $30,000 is “massively undervalued” and is likely to rebound soon. The last time BTC was at that price point was in April 2023, the first time in ten months.

However, Mow is not bearish at all and believes that BTC will reach six figures.

“I’m bullish because everyone needs Bitcoin.”

He emphasized that this is becoming more evident worldwide as traditional financial systems continue to face difficulties.

“The banking system is failing. The legacy financial system is failing. Money is not money anymore and stopped being money some time ago, payments can be frozen. Nothing works. Only Bitcoin works.”

Mow expects to see a surge of Bitcoin adoption in the next five years.

Related: BTC Prague 2023: ‘Anyone can produce value in the Bitcoin ecosystem’

Regarding the technology behind Bitcoin, Mow said, “there’s no more exciting time than now.”

“We’re seeing more people talking about new Bitcoin layers, new protocols, ARK, and I think liquid is getting more traction again.”

“I think people are just now understanding that maybe we should look into liquid,” he said. “It’s a very exciting time if you’re paying attention to the technical part of Bitcoin, so pay attention, everyone.”

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