‘It’s Time’ ‘$1 Million BTC’ Advocate Samson Mow Says, Expecting Omega Candle Soon

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As a seasoned crypto investor with a keen interest in Bitcoin and a healthy dose of skepticism, I find Samson Mow’s bullish prediction intriguing but not necessarily convincing. While his belief in the potential for massive price movements, or “Omega candles,” aligns with my own experiences and observations in the market, I remain cautious about making definitive predictions based on historical patterns alone.

Samson Mow, a prominent Bitcoin advocate and the CEO of a business dedicated to promoting Bitcoin adoption (Jan3), recently shared an optimistic prediction on Twitter: He believes that a massive “Omega” candlestick formation is imminent for Bitcoin.

Mow is convinced, sharing the belief of many Bitcoin enthusiasts, that the pioneering cryptocurrency will eventually soar to the $1 million mark. According to him, this astronomical increase can be attributed to “Omega candles.” In a tweet this year, Mow described these as significant green candles on Bitcoin charts, which could come with substantial volatility.

The head of Jan3, in a recent tweet on January 3rd, wrote “the time has come” alongside an animated dragon figure expelling a column of green flame. This graphic representation is referred to as the “Omega candle” in their social media exchanges, shared previously by both the Jan3 boss and his former colleague from Blockstream, Adam Back.

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It is time.

— Samson Mow (@Excellion) May 26, 2024

As a crypto investor, I’ve been closely following the developments in the Bitcoin market. Back’s recent tweet asking “is it time?” for a massive price surge piqued my interest, as I too believe we might be on the brink of a significant Bitcoin rise this year. The launch of the spot Bitcoin ETFs was an exciting development, and I predicted that these funds would create a demand shock by making large daily purchases. After the Bitcoin halving in mid-April, I tweeted about the resulting supply shock, which I believe will soon collide with the Bitcoin demand shock, potentially leading to a significant price increase.

Robert Kiyosaki explains why Bitcoin safer than bonds

Robert Kiyosaki, a renowned financial expert and businessman, famous for penning the best-selling personal finance guide “Rich Dad Poor Dad,” recently posted an insightful comment about Bitcoin on his X platform account.

Expert Kiyosaki challenged the common belief among traditional investors that bonds are risk-free. He went so far as to label this notion as “the biggest misconceptionfinancial advisors feed unsuspecting retail investors.”

The author of “Rich Dad Poor Dad” noted that experienced investors can still suffer significant losses when AAA bonds unexpectedly plummet, typically during commercial real estate market crashes. When property owners fail to meet loan repayments in these scenarios, even seasoned investors may face substantial financial setbacks. Kiyosaki’s recommendation is to invest in safer assets such as gold, silver, and Bitcoin before their values significantly increase.

The most common deception financial advisors perpetrate against unsuspecting, individual investors is the assertion: “Bonds are risk-free.” However, this statement is far from the truth. Many investors, including supposedly savvy ones, will experience significant losses when AAA bonds tied to commercial real estate markets plummet. Previously alluring office real estate sectors, which were once synonymous with stability and prosperity, can unexpectedly face downturns.

— Robert Kiyosaki (@theRealKiyosaki) May 26, 2024

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2024-05-27 12:03