A prominent figure in the Bitcoin community, Samson Mow, has made some bold predictions about the future of BTC. He believes that Bitcoin is on the cusp of entering a new chapter where dramatic price shifts become commonplace. In a recent interview on the Block Rewards podcast, Mow expressed his thoughts on transitioning from what he calls “god candles”—which represent fluctuations of $10,000 within a single day—to “omega candles,” signifying daily moves of $100,000.
Mow highlighted that in certain countries with significantly weaker currencies than the US dollar, such as Egypt, Turkey, and Argentina, these omega candles are already occurring frequently. He stated, “The world’s going to change. After $100,000, I think everything starts to accelerate and go faster.” According to him, once Bitcoin crosses the $100,000 threshold, it won’t be unusual to witness daily movements of $1,000 or more in terms of volatility.
He pointed out that just a couple of weeks ago, Bitcoin experienced a near god candle, with nearly $9,000 added in just one day. Mow emphasized that moving into the higher price ranges is just the next inevitable step for BTC. He explained that the current fiat system creates a significant disconnect; while the value of those currencies may decline rapidly, people accept it as normal. In contrast, massive price changes in Bitcoin raise eyebrows. He added, “An omega candle is just a big move up in Bitcoin price.”
At the moment, Bitcoin is trading at $96,126, edging closer to that pivotal $100,000 mark. The excitement around Bitcoin’s trajectory is palpable. Individuals curious about where Bitcoin is headed might want to keep an eye on price action, as it seems we could soon witness these monumental shifts in value.
For those interested, subscribing to receive timely updates could be a smart move. Following outlets like X, Facebook, and Telegram can also keep you informed on the latest in Bitcoin developments.
It’s important for investors to conduct their own research before making any high-risk investments in cryptocurrency or related digital assets, considering the volatile nature of the market. The Daily Hodl emphasizes that any trades are done at your own risk, and the potential for loss is real.
