According to U.Today, Samson Mow, the CEO of Jan3 and a well-known Bitcoin advocate, recently drew a comparison between Bitcoin and Neo from the iconic film 'The Matrix' on social media. Mow likened Bitcoin's penetration into the traditional financial system to the scene in the movie where Neo dives into Agent Smith, causing an explosion. He suggested that Bitcoin, like Neo, has infiltrated the legacy financial system through spot ETFs and is now operating within it.
Mow did not predict a specific outcome but expressed his anticipation for the unfolding events, particularly whether Bitcoin ETFs will succeed in transforming the traditional financial system. His recent posts suggest that he expects Bitcoin to permanently alter the legacy system. Mow strongly believes that Bitcoin will reach the $1 million mark in the near future, with the recently launched spot ETFs bringing this moment closer.
Another key catalyst Mow often mentions is the upcoming Bitcoin halvening, scheduled for the latter part of April. This event will reduce miners' rewards from 6.25 BTC per block to 3.125 BTC for each new block generated. Mow and other Bitcoin enthusiasts believe that the halvening will create a supply shock, while ETFs have already caused a demand shock. They anticipate a surge in the BTC price when these two shocks collide.
In related news, the Fidelity Wise Origin Bitcoin Fund (FBTC) outperformed other ETFs on April 3, with a massive inflow of $116.7 million, according to a tweet from the @spotonchain analytics account. Meanwhile, outflows from Grayscale's GBTC ETF fell to $75.1 million, marking the lowest level in the past trading month for this spot-based Bitcoin exchange-traded product.