Key Driver for Omega Bitcoin (BTC) Candle Named by Samson Mow by U.Today

U.Today – Samson Mow, promoter and CEO of BTC adoption-focused company JAN3, addressed his audience on the X platform to share with them a BTC prediction.

He revealed what could be the most likely key factor in the first-ever Omega candle, which will push the price of the world's flagship cryptocurrency towards $1 million. His prediction concerns MicroStrategy, Michael Saylor's Bitcoin-focused company.

Mow expects gamma compression on MSTR

The Omega candle is a short-period, single-day bullish price movement represented by a large green candle on the charts that suggests an extraordinary and rapid increase in price. Mow is well known for predicting that Bitcoin will eventually reach $1 million per coin and then move higher.

Mow expects the first Omega candle for Bitcoin to occur thanks to a gamma squeeze in MicroStrategy shares. Gamma Squeeze is related to options trading and it occurs when a large number of call options (which indicate a bet on an increase in price) are purchased. When this happens, market makers are forced to hedge the risks and begin buying the stocks themselves that back the options. This drives up the stock price. This is what Mow expects to happen to MSTR, and then he expects this to drive up the price of Bitcoin.

Meanwhile, MicroStrategy is not slowing down its strategic Bitcoin purchasing plan, steadily adding more BTC to its reserve.

The Bitcoin Sat-dollar parity predicted by the boss of JAN3

In a previous tweet, Samson Mow discussed the possible future of Bitcoin when it will be used in the economy in the same way as the US dollar. The CEO of JAN3 predicted that BTC would eventually reach parity with the dollar, or rather that Bitcoin particles called Satoshis would reach parity with US fiat currency.

Mow explains that by dollar-sat parity he means the approximate purchasing power of the dollar at present. “A dozen eggs will make 2-3 sats,” he tweeted.

He added that this will happen if the remaining Bitcoin is divided “evenly among everyone on the planet.” It is already impossible to divide the 21 million BTC “evenly” due to the current holders. The actual number of BTC an average person could get per shear is probably 10-50,000 Sats.

This article was originally published on U.Today