Bitcoin advocate Samson Mow stated that the price level of $100,000 for Bitcoin could be a manifestation of the "Omega Candle." Mow's "Omega Candle" or "God Candle" refers to a rapid rise in Bitcoin's price, which could push its price to $1 million or higher.

Mow said that as nation-states, institutions, and retail traders flock to the Bitcoin market, the price of Bitcoin may rise by $10,000 a day in the Omega Candle era. (Cointelegraph)