Samson Mow, Bitcoin proponent and CEO of JAN3, predicts that the first "Omega candle," a large green candle indicating a rapid price increase, will push the price of Bitcoin toward $1 million. He believes this will be caused by a gamma squeeze on MicroStrategy stocks, which will force market makers to hedge risks by buying the stock and driving its price higher. Mow also predicts that Bitcoin will eventually reach parity with the US dollar, with a dozen eggs costing 2-3 satoshis, if the remaining Bitcoin is divided equally among everyone on the planet.



Other News from Today