Bitcoin

Matrix

when

Spot

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Renowned early Bitcoin supporter and Jan3 chief executive <a href="https://u.today/major-bitcoin-etf-warning-made-by-samson-mow-hold-tight">Samson Mow</a> has taken to the X/Twitter platform to share a curious comparison of Bitcoin to Neo from the Wachowskis’ classic movie “The Matrix.”
He explained how Bitcoin has penetrated the current traditional financial system and is pondering what will happen after that in the near future. The audience in the comments supported Mao’s metaphor, offering more similar comparisons.
<h2 id="bitcoin-etfs-diving-into-agent-smith">Bitcoin ETFs "diving into Agent Smith"</h2>
Samson Mow reminded his army of followers about the scene in "The Matrix" when Neo dives into Agent Smith and the machine explodes, with Neo emerging choosing another agent to destroy in the same manner.
He compared it to the current situation on the market, where Bitcoin has dived into the legacy financial system using spot ETFs, and they are working now inside it. Mow did not offer any particular outcome, just saying that he is watching this exciting show very attentively, wondering what will happen next and whether Bitcoin ETFs will succeed in transforming the traditional financial system.
<blockquote>
 You know in the Matrix when Neo dives into Agent Smith? With the ETFs, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is now inside the legacy financial system. I wonder what happens next. <a href="https://t.co/L2N76OzbnH">pic.twitter.com/L2N76OzbnH</a>— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1775639731067638128?ref_src=twsrc%5Etfw">April 3, 2024</a>
</blockquote> 
However, the overall feel of his tweet and of his previous recent posts on X/Twitter hint that he expects Bitcoin to change the legacy system forever. Mow has a strong belief that Bitcoin will definitely reach the $1 million level in the near future and the recently launched spot ETFs are bringing that victorious moment closer. Another crucial catalyst often mentioned by Mow is the approaching Bitcoin halvening. This significant event is scheduled for the second part of April, and it will see miners’ rewards drop from 6.25 BTC per block currently to 3.125 BTC per every new one generated by miners.
ETFs have helped to create a Bitcoin demand shock, while the halvening, Mow and many other Bitcoin maxis believe, will certainly create a supply shock. They expect the BTC price to surge once these two shocks clash against each other.
<h2 id="fidelity-beats-other-etfs">Fidelity beats other ETFs</h2>
According to a recent tweet shared by the @spotonchain analytics account, Fidelity Wise Origin Bitcoin Fund (FBTC) surpassed the other ETFs on April 3 with a massive funds inflow of $116.7 million.
<blockquote>
 🚨 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw">#ETF</a> Net Inflow Apr 03, 2024: +114M!• The net inflow increased by 192% compared to the previous trading day.• <a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw">#Grayscale</a> Bitcoin Trust <a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GBTC</a> single-day outflow further dropped to $75.1M, the lowest level in the past 26 trading days.• <a href="https://twitter.com/hashtag/Fidelity?src=hash&amp;ref_src=twsrc%5Etfw">#Fidelity</a> Wise Origin Bitcoin… <a href="https://t.co/vfpWl9yF8t">https://t.co/vfpWl9yF8t</a> <a href="https://t.co/7RZZZ0o5SR">pic.twitter.com/7RZZZ0o5SR</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1775737547764928631?ref_src=twsrc%5Etfw">April 4, 2024</a>
</blockquote> 
At the same time, outflows from <a href="https://u.today/grayscales-bitcoin-etf-no-longer-in-lead-by-daily-outflows">Grayscale’s GBTC ETF</a> slumped to $75.1 million. This is the lowest over the past trading month for this spot-based Bitcoin exchange-traded product.

‘$1 Million Bitcoin’ Advocate Samson Mow Likens Bitcoin ETFs to Matrix's Neo

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