As a seasoned researcher with years of experience in the cryptocurrency market, I find Samson Mow’s prediction intriguing and plausible, given his extensive knowledge and insight into Bitcoin dynamics. His prediction of a gamma squeeze on MicroStrategy stocks as the key driver for the first Omega candle pushing the price of Bitcoin towards $1 million is an interesting perspective that aligns with my own observations of market trends.
Samson Mow, a champion of Bitcoin and CEO at the Bitcoin-centric business JAN3, recently took to the X platform (previously recognized as Twitter) to express his forecast regarding Bitcoin to his followers.
He revealed what may be the most likely key driver for the very first Omega candle, which will push the price of the world’s flagship cryptocurrency towards $1 million. His prediction has to do with Michael Saylor’s Bitcoin-focused company, MicroStrategy.
Mow expects gamma squeeze on MSTR
The Omega Candle refers to a swift, one-day upward price surge in financial markets, represented by a big green bar on charts. This sudden, significant increase in value is often associated with Mow’s prediction about Bitcoin – he is renowned for his belief that the value of Bitcoin will eventually surpass $1 million per coin and continue to rise further.
The gamma squeeze on $MSTR is what causes the first Omega Candle. ♎️
— Samson Mow (@Excellion) December 7, 2024
Mow anticipates that the initial “Omega event” for Bitcoin will be triggered due to a surge in options trading on MicroStrategy stocks, known as a “gamma squeeze.” In simple terms, when there’s an overwhelming number of calls (options betting on price increase) bought, market makers are compelled to mitigate risks by purchasing the stock themselves. This influx of buying drives up the stock price. Mow believes this will occur with MicroStrategy stocks, leading to a subsequent rise in Bitcoin price.
meanwhile, MicroStrategy continues to actively implement its Bitcoin acquisition strategy by consistently increasing its Bitcoin holdings.
Bitcoin Sat-dollar parity predicted by JAN3 boss
In a previous tweet, Samson Mow expressed his thoughts about Bitcoin’s potential role in the economy, suggesting it could become as common as the U.S. dollar. The CEO of JAN3 anticipates that Bitcoin might eventually match the value of the U.S. dollar, or to put it another way, individual units of Bitcoin (known as Satoshis) may come to equal the worth of a single unit of U.S. fiat currency.
In simpler terms, what I’m suggesting is that the value of #Bitcoin could potentially reach a point where it equals the value of a U.S. dollar. This means that you might be able to buy a dozen eggs with around 2-3 “sats,” which is a smaller unit of Bitcoin (similar to cents in dollars).
— Samson Mow (@Excellion) December 6, 2024
Mow clarifies that when he mentions “dollar-sat parity,” he’s referring to roughly how far a single U.S. dollar can go today. In his tweet, he stated that a dozen eggs would cost around 2-3 sats. (Note: The term “sats” is short for satoshis, the smallest unit of the cryptocurrency Bitcoin.)
He also mentioned that if all remaining Bitcoins are distributed “evenly among every individual on Earth,” it’s currently infeasible due to existing holders. In reality, an average person may only receive between 10,000 and 50,000 Satoshis (Sats) per Bitcoin (BTC).
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2024-12-07 11:47