Bitcoin’s Latest Drop Might Just Be a “FakeDip,” Says Samson Mow
Samson Mow, the CEO of JAN3 and a well-known Bitcoin advocate, doesn’t seem too worried about the cryptocurrency’s recent slump. In fact, he’s calling it a “FakeDip”—a temporary drop that shouldn’t scare investors. Over the past two days, Bitcoin’s price fell by just over 4%, dipping below $105,000 after briefly trying to recover. But Mow, who’s long been bullish on Bitcoin hitting seven figures, thinks this is just a blip.
His tweet today was short and to the point: *”Always buy the FakeDip.”* It’s classic Mow—confident, almost dismissive of the panic that sometimes follows price swings. And he might have a point. Bitcoin has a habit of bouncing back after sudden dips, especially when broader market jitters are at play.
Why Is Bitcoin Dropping?
Right now, there are a couple of factors weighing on Bitcoin’s price. For one, the Federal Reserve’s interest rate decision is due later today, and markets tend to get shaky in the lead-up. Then there’s the escalating conflict in the Middle East, which has investors flocking to gold—the old-school safe haven—instead of riskier assets like crypto.
But here’s the thing: Bitcoin’s dips often don’t last long. If history’s any guide, this could just be another buying opportunity before the next climb. Then again, nobody really knows for sure.
The Fed’s Tightrope Walk
All eyes are on Jerome Powell today as the Fed wraps up its latest meeting. Some analysts think rates will stay put, despite earlier hopes for a cut. Lower rates usually give Bitcoin a boost, but with the U.S. economy in a weird spot—thanks to new trade tariffs and global uncertainty—the Fed might play it safe.
Dr. Komal Sri-Kumar, a macroeconomist, put it bluntly on CNBC earlier: Cutting rates now would be “irresponsible” until the impact of Trump’s tariffs becomes clear. And it’s not just the U.S. feeling the heat—Canada, the EU, and China are all holding off on their own tariffs for now, but that could change fast.
So where does that leave Bitcoin? Hard to say. If the Fed holds steady, the market might stay jittery. But if Mow’s right, this “FakeDip” could be over before most people even notice. Either way, it’s another reminder that crypto moves fast—and rarely in a straight line.
