ChainCatcher reports that Samson Mow, CEO of Bitcoin technology company Jan3, said, "Bitcoin traders predicting a return to the $40,000 level may be driven more by fear than any technical fundamentals. Fear-driven markets never last long because fundamentals eventually prevail. Even the revelation of some of the worst frauds, like FTX, cannot ultimately suppress the price of Bitcoin. The bears saying Bitcoin will fall to $40,000 have no basis for this prediction except for self-inflicted fear."

Samson Mow wrote in a September 6 post, "Bitcoin is easily capable of hitting $100,000, fueled by $3 billion in daily debt, Bitcoin strategic reserves, pension allocation, and corporate buying."

According to Kobeissi Letter, a global market macro commentary magazine, the U.S. government's daily interest payments on debt are $3 billion, three times what was paid 10 years ago and double in just 2.5 years. "Crisis" is an understatement.