Samson Mow, a Bitcoin advocate and the CEO at JAN3, seems optimistic about the current Bitcoin price dip. The tweet he published today may indicate that Mow does not expect the current Bitcoin dip to last long. Samson Mow is a renowned believer that Bitcoin is eventually going to surpass the $1 million level, and he expects this to happen in the near future.
Bitcoin \"FakeDip\"
Mow has coined the term “FakeDip” to describe a very brief Bitcoin price drop, a “fake” one. Over the past two days, the world’s leading cryptocurrency has plummeted by 4.14%, as it lost $108,860 and landed at the $104,350 mark today. There was also an attempt to recover $105,480, but BTC failed to hold at that price level.
Always buy the FakeDip™ https://t.co/1Fx4v2gJ6d
— Samson Mow (@Excellion) June 18, 2025
Today, Samson Mow tweeted: “Always buy the FakeDip,” addressing his followers on X and urging them not to get pessimistic with the Bitcoin price slide. According to analysts, a price dip is normal for Bitcoin one or two days before the interest rate decision is announced. However, there is another factor that is pushing the BTC price down: the military escalations in the Middle East that have been going since the end of last week. Seeing the economic uncertainty they are causing, investors are selling bonds, stocks and Bitcoin, fleeing into the traditional safe haven asset, gold.
Interest rate cut irresponsible now, macroeconomist says
While financial markets are awaiting the announcement of Federal Reserve Chairman Jerome Powell regarding interest rates at the scheduled FOMC meeting today, some experts believe that the U.S. Central Bank is unlikely to move the rates either way. Lower rates usually ensure a Bitcoin price increase.
Among them is Dr. Komal Sri-Kumar, a global macroeconomist and the president at Sri-Kumar Global Strategies. During his appearance on CNBC’s Squawk Box today, he stated that cutting interest rates would be “irresponsible” now since it is uncertain what impact Donald Trump’s trade tariffs will have on the U.S. economy and on the economy of the countries the tariffs are imposed on.
“It would be irresponsible to cut interest rates now when you don’t know what the impact of tariffs will be,” says @SriKGlobal ahead of today’s Fed decision:https://t.co/g81stMtFtQ
— Squawk Box (@SquawkCNBC) June 18, 2025
Once the tariffs take effect, the same measure will target U.S. imported goods, since Canada, the EU and China have also paused their tariffs so far. But they will take effect once the U.S. begins charging the draconian tariffs on their goods.