Bitcoin toward $100K: Samson Mow predicts the ‘Omega candle’ era
As Bitcoin approaches the critical $100,000 mark, the cryptocurrency community is eager with anticipation. In an exclusive interview, Samson Mow, CEO of JAN3 and a prominent Bitcoin supporter, shares his optimistic perspective on this milestone. Mow predicts that exceeding $100,000 could trigger significant growth in Bitcoin's price, suggesting that after this point, price fluctuations might accelerate dramatically, potentially increasing or decreasing by $10,000 daily. He refers to this period as the 'God candle' and anticipates subsequent 'Omega candles,' characterized by valuations increasing in increments of $100,000 daily. Mow emphasizes that global economic factors, particularly the diminishing faith in traditional financial institutions, are propelling Bitcoin's ascent. He defines hyperbitcoinization as a state where Bitcoin fully supplants fiat currencies, eliminating the need for conversion back to traditional money. Mow's insights highlight a pivotal moment in Bitcoin's evolution and its potential to reshape the financial landscape.
Source 🔗