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Cryptocurrency News Articles

Wikipedia and Bitcoin: A Missed Romance?

Dec 02, 2024 at 02:05 am

Ignoring the potential of Bitcoin is risking missing the greatest financial turning point of the century, warn the maximalists.

Wikipedia and Bitcoin: A Missed Romance?

Maximalists warn that those who fail to consider Bitcoin’s potential risk missing out on the greatest financial development of the century. While stable companies still hesitate, figures like Samson Mow, CEO of JAN3, continue to sound the alarm. In this context, Wikipedia is once again urged to adopt BTC, the flagship cryptocurrency. The heated debates around this suggestion reveal much deeper stakes for the future of the crypto market.

Samson Mow, a fervent defender of Bitcoin (but considering Bitcoin ETFs as a danger), recently called out Wikipedia on X. His suggestion? Invest in BTC to stop begging for donations. He illustrates his point with a screenshot of a fundraising email sent by Wikipedia, accompanying it with a biting reminder: if the platform had followed his advice years ago, it would no longer need to “beg endlessly“.

This statement reignited tensions between Mow and Jimmy Wales, the founder of Wikipedia, who is known for his sharp criticisms of Bitcoin. Last year, he joked about the possibility of losing his fortune by forgetting a password. The crypto community did not hesitate to react, notably Paolo Ardoino, CEO of Tether, who predicted a future where decentralized alternatives would replace Wikipedia.

Samson Mow doesn't just criticize; he prophesies. In his view, the price of Bitcoin will eventually reach a million dollars. A bold statement, especially in a market where recent fluctuations have surprised even the most optimistic. Yet, Mow remains convinced:

“Buying the dip is preparing for the future. “.

The CEO of JAN3 highlighted a contradiction last June: the price of Bitcoin decreases while adoption explodes. There has been a striking imbalance between the capital available in the market and the BTC in circulation. With a limited supply and growing demand, maximalists saw this as an inevitably bullish future.

While some investors are worried, Mow invites reflection: why let an opportunity slip by when everything points to a scarcity of the asset? ” The available capital far exceeds the imaginable “, he asserts, suggesting that the potential of BTC is still largely underestimated.

In a final reflection, Michael Saylor, another Bitcoin maximalist, reminds us that the union of Apple and Bitcoin could change everything. Not boarding this train could cost much more than expected.

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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

Original source:cointribune

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