U.Today – Samson Mow, advocate and CEO of BTC adoption focused company JAN3, addressed his audience on Platform X to share his BTC prediction.
He revealed what could be the most likely key driver for the first Omega candle, which will push the price of the world’s leading cryptocurrency towards $1 million. His prediction has ties to Michael Saylor’s Bitcoin-focused company, MicroStrategy.
Mow expects a gamma squeeze on MSTR
An omega candle is a short-term and one-day bullish price movement shown as a large green candle on charts that suggests an extraordinary and rapid rise in price. Mow is famous for predicting that Bitcoin will eventually reach $1 million per coin and then go higher.
Mow expects the first Omega candle for Bitcoin to occur thanks to the gamma squeeze of MicroStrategy shares. Gamma squeeze is related to options trading and occurs with the purchase of a large number of call options (which represent a bet on the price going up). When this happens, market makers are forced to hedge and start buying the very stocks that back the options. This increases the share price. This is what Mow expects to happen to MSTR and then expects this to drive up the price of Bitcoin.
Meanwhile, MicroStrategy isn’t slowing down its strategic plan to buy Bitcoin, regularly adding more BTC to its stash.
The Bitcoin Sat-Dollar parity was predicted by the boss on JAN3
In an earlier tweet, Samson Mow discussed a possible future for Bitcoin where it will be used in the economy on an equal footing with the US dollar. CEO JAN3 predicted that BTC would eventually reach parity with the dollar, meaning Bitcoin particles called Satoshis would be at parity with American fiat currency.
Mow explains that by dollar-hour parity he means the approximate purchasing power of the dollar today. “A dozen eggs will be 2-3 hours,” he tweeted.
He added that this will happen if the remaining Bitcoin is divided “equally between everyone on the planet”. It is already impossible to divide 21 million BTC “equally” because of the current owners. The actual number of BTC the average person could get per Mow is probably 10-50K Sats.
