U.Today – Mr. Samson Mo, proponent and CEO of JAN3, a company focused on BTC adoption, called on viewers on the X platform to share their BTC predictions.
He revealed what could be the most likely major driver of the first Omega candle, pushing the price of the world's leading cryptocurrency towards $1 million. His prediction pertains to MicroStrategy, Michael Saylor's Bitcoin-focused company.
Mow expects gamma squeeze in MSTR
Omega candlesticks are short-term, single-day bullish price movements depicted as large green candlesticks on a chart, indicating unusual and rapid price increases. Mow famously predicted that Bitcoin would eventually reach $1 million per coin and continue to rise.
Moh expects Bitcoin's first omega candlestick to occur thanks to a gamma squeeze in MicroStrategy stock. A gamma squeeze is associated with options trading and occurs when a large number of call options (representing a bet that the price will rise) are purchased. When this happens, market makers are forced to hedge their risks and start buying the very stocks backing the options. This causes stock prices to rise. Moe expects this to happen to MSTR, and he expects this to cause the price of Bitcoin to rise.
MicroStrategy, on the other hand, hasn't slowed down its strategic Bitcoin purchasing plan and is regularly adding BTC to its stash.
JAN3 boss predicts Bitcoin Saturday and dollar parity
In a previous tweet, Samson Mo discussed the possibility in the future that Bitcoin will be used in the economy on par with the US dollar. The JAN3 CEO predicted that BTC would eventually become equivalent to the dollar, or rather, a Bitcoin particle called a Satoshi would become equivalent to US fiat currency.
Moe explains that dollar-satellite parity means the approximate purchasing power of a dollar today. “12 eggs makes 2-3 eggs,” he tweeted.
He added that this would happen if the remaining Bitcoins were distributed “equally to everyone on the planet.” It is already impossible to distribute the 21 million BTC “equally” for the current holders. The actual number of BTC that an average person can ultimately earn per Mow is probably between 10 and 50,000 Sats.
This article was originally published on U.Today
