ChainCatcher news, according to Cointelegraph, Bitcoin advocate Samson Mow stated that the price level of Bitcoin at $100,000 may be the embodiment of the "Omega Candle." Mow's "Omega Candle" or "God Candle" refers to a rapid increase in Bitcoin's price that could push its value to $1 million or higher.

Mow stated that as nation-states, institutions, and retail traders flock to the Bitcoin market, the price of Bitcoin may rise by $10,000 daily during the Omega Candle era.