2024

Bitcoin

Million

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<p lang="en-GB" xml:lang="en-GB"><a href="https://u.today/1-million-bitcoin-advocate-samson-mow-issues-warning-to-altcoin-investors">Samson Mow</a>, prominent Bitcoin maxi and chief executive at Jan3, has published a bullish comment on the latest price surge. On March 4, BTC shocked the crypto world and pleased the Bitcoin community by skyrocketing above the $68,000 price level.</p>
<p lang="en-GB" xml:lang="en-GB">Mow’s company Jan3 is focused on spreading Bitcoin adoption by nation-states. It was Samson Mow who contributed to El Salvador adopting BTC as a legal tender in 2021, making it the first country ever that gave up using fiat money on the state level.</p>
<h2 id="mow-comments-on-bitcoin-s-upward-maneuver">Mow comments on Bitcoin's upward maneuver&nbsp;</h2>
<p lang="en-GB" xml:lang="en-GB">Samson Mow tweeted his answer to the question, which he has been apparently hearing on Twitter/X quite frequently – “can you take Bitcoin higher?” His answer to this, according to the tweet is “yes.”</p>
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 <p lang="en" dir="ltr">Yes. That’s the answer to “can you take <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> higher?”</p>— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1764683111223468176?ref_src=twsrc%5Etfw">March 4, 2024</a>
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<p lang="en-GB" xml:lang="en-GB">Mow is one of those Bitcoin maximalists who expect the world’s leading digital currency, Bitcoin, to reach the massive $1 million mark in the near future. Before it happens, he expects so-called “omega” and “god” candles to take place.</p>
<h2 id="bitcoin-to-1-million-inevitably-mow-provides-reasons">Bitcoin to $1 million inevitably - Mow provides reasons</h2>
<p lang="en-GB" xml:lang="en-GB">An “omega” candle is a $100,000 candle on the daily chart, as <a href="https://twitter.com/WalkerAmerica/status/1764706879287001526">he explained</a> in one of the podcasts he took part in recently. A “god” candle is a $10,000 candle on the same type of chart. A “god” candle must happen first, he believes, with “omega” to follow it.</p>
<p lang="en-GB" xml:lang="en-GB">He believes that $1 million is an inevitable level to reach for Bitcoin, mainly because the U.S. government printed “too much money” recently ($6 trillion in pandemic year 2020 alone), and the U.S. national debt is going through the roof (the debt “ceiling” was <a href="https://u.today/rich-dad-poor-dad-writer-says-buy-bitcoin-as-us-debt-ceiling-gets-removed">moved from the $31.4 trillion threshold</a> in 2023 and, by now, the debt has exceeded $34 trillion.</p>
<p lang="en-GB" xml:lang="en-GB">Besides, in his earlier tweet the Jan3 boss named another important reason that supports his “Bitcoin to $1 million” expectation: supply and demand shock for Bitcoin meeting each other. Since the SEC-approved launch of spot Bitcoin ETFs in mid-January, these ETF providers have been acquiring Bitcoin daily, scooping up from $400 million to close to a billion USD worth of BTC every week. Recently, BlackRock’s fund iShares surpassed the $10 billion mark. In addition, Mow has been reminding the community that the Bitcoin halvening is approaching.</p>

‘$1 Million Bitcoin’ Advocate Samson Mow Comments on BTC Surge As It Nears $70,000

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