Samson Mow, known for his prominent comments in the cryptocurrency world, made remarkable statements about Bitcoin's price movements. According to Mow, the leading cryptocurrency will now experience much greater fluctuations. In this new period, Bitcoin can go beyond the daily changes of $ 10,000 with price movements called "Omega candles" and exhibit major movements of $ 100,000.$BTC
Mow noted that these expected large changes in Bitcoin prices will have a faster impact, especially in countries with economically weaker currencies. In countries such as Turkey, Argentina and Egypt, dramatic Bitcoin price swings have become commonplace. Such fluctuations highlight the instability and devaluation of fiat currencies.
Mow, who emphasized that the rapid increase in debt levels and weaknesses in fiat systems triggered Bitcoin's price movement, said, "Omega candle movements are one of the most obvious signs of structural collapse in fiat money systems." Mow stated that the dissolution of the current fiat system directly increased the volatility of Bitcoin prices, and that fiat currencies would no longer be effective enough to measure the value of Bitcoin. He believes that this situation will force investors to develop new market strategies.
The impact of high debt levels on the economic structure is deepening day by day. With the increasing acceptance of Bitcoin, these big price movements are attracting more attention worldwide, but they also come with high risks. Mow emphasized the importance of investors to follow this situation closely in order to understand market fluctuations.
Bitcoin’s price is currently trading around $96,126. This uptrend shows that the rules in the market are starting to change radically. Cryptocurrency investors may have to reconsider their current strategies to suit this new era.