According to U.Today, Samson Mow, CEO of Bitcoin adoption-focused company Jan3, has predicted a significant surge in Bitcoin's value, which he believes will be driven by 'Omega candles.' Mow, a staunch Bitcoin advocate, anticipates that the cryptocurrency will eventually reach the $1 million mark. He describes 'Omega candles' as substantial green candles on Bitcoin charts, often associated with large volatility curves. Mow's prediction was shared via a tweet, accompanied by an animated GIF of a dragon breathing a pillar of green fire into the sky, symbolizing an 'Omega candle.'
Mow's tweet was in response to a similar post by his former boss at Blockstream, Adam Back, who also anticipates a massive rise in Bitcoin's value in the near future. Following the launch of the spot Bitcoin ETF, Mow expressed his belief that the ETFs would trigger a Bitcoin demand shock due to substantial daily purchases. He also suggested that the mid-April halving had caused a supply shock, which would soon collide with the anticipated demand shock.
In related news, financial expert and entrepreneur Robert Kiyosaki, author of the popular personal finance book 'Rich Dad Poor Dad,' has shared his views on Bitcoin. Contrary to the common belief among traditional investors that bonds are safe, Kiyosaki argues that this is a 'big lie' told to unsuspecting investors. He pointed out that even sophisticated investors often suffer losses when AAA bonds crash, typically when the commercial real estate market collapses. Kiyosaki advises investors to move towards safer assets like gold, silver, and Bitcoin before their prices skyrocket.