Samson Mow, a Bitcoin maximalist and the CEO at the Bitcoin-adoption focused company JAN3, has once again predicted a mammoth daily Bitcoin surge coming soon – it is called an omega candle.
Mow published a laconic tweet, saying: “The Omega Candle is coming.” Responding to a comment, Mow confirmed that such a candle would propel the Bitcoin price $100,000 per day.
Mow is a well-known believer that the world’s bellwether cryptocurrency, Bitcoin, is bound to reach one million dollars per coin. In a recent interview, he confirmed his ultra-bullish forecast, saying that if it does not happen this or next year, then BTC is moving toward $1 million anyway, and this price level is inevitable.
In early June, Mow took to social media to remind the community that Bitcoin is totally different from any other blockchain, calling it “the Alpha and Omega,” which is a reference to the Bible's New Testament. “Bitcoin is uniquely decentralized and immutable,” the BTC influencer added.
In one of his earlier tweets, Mow stated that Bitcoin is not trading at $10 million per coin because the world does not understand BTC: “If the world understood #Bitcoin, we would be at $10M a coin now.”
Mow’s strong belief in Bitcoin’s future, shared by other BTC maxis, lies in the fact of Bitcoin’s scarcity caused by its hard cap of 21 million and the fact that Satoshi Nakamoto remains an undiscovered persona. Therefore, there is no single entity or team that controls the Bitcoin code.
Bitcoin’s scarcity is ensured by its regular halvings that take place every four years, roughly on April 20. The latest halving took place in 2024, with the next one coming in 2028. Every halving ensures that the minting of BTC by miners declines in half, meaning that every four years half the Bitcoin gets injected into circulation.
On Monday, two leading Bitcoin treasury companies, Strategy and Metaplanet, announced new Bitcoin acquisitions. Michael Saylor announced that his company, Strategy, bought 245 BTC for roughly $26 million. As of now, the firm holds a total of 592,345 BTC worth almost $42 billion.
As for the Strategy follower, Metaplanet, it acquired 1,111 BTC worth $118.2 million. This firm how owns 11,111 Bitcoins.
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