According to U.Today, Samson Mow, a prominent Bitcoin advocate and CEO of the Bitcoin adoption-focused company JAN3, recently shared his insights on the future of Bitcoin’s price movement. Speaking on the X platform, formerly known as Twitter, Mow discussed a potential key driver for what he terms the ‘Omega candle,’ a significant price surge that could propel Bitcoin’s value towards $1 million. This prediction is linked to the activities of Michael Saylor’s company, MicroStrategy.Mow anticipates that a gamma squeeze on MicroStrategy’s stock (MSTR) could trigger the first Omega candle for Bitcoin. A gamma squeeze occurs in options trading when a large number of call options, which are bets on a price increase, are purchased. This forces market makers to hedge their risks by buying the underlying stock, thereby driving its price higher. Mow believes that such a scenario with MSTR could subsequently lead to a substantial increase in Bitcoin’s price.In addition to his prediction about the Omega candle, Mow has also discussed the potential future of Bitcoin in terms of its parity with the US dollar. He envisions a scenario where Bitcoin, or rather its smallest unit known as Satoshis, achieves parity with the dollar. This means that the purchasing power of Bitcoin would be equivalent to that of the dollar today. Mow illustrated this by suggesting that a dozen eggs could cost 2-3 Satoshis in the future. However, he acknowledged the challenge of dividing the total 21 million Bitcoins equally among the global population, noting that the average person might end up with 10,000 to 50,000 Satoshis.Meanwhile, MicroStrategy continues its strategic acquisition of Bitcoin, consistently adding more to its holdings. This ongoing accumulation aligns with Mow’s prediction of a potential price surge driven by MicroStrategy’s stock movements. As the cryptocurrency market evolves, Mow’s insights offer a glimpse into the possible future dynamics of Bitcoin’s value and its role in the global economy.

By Binance News

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