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ZyCrypto 2025-02-24 16:45:52

Samson Mow Predicts $1 Million Price for Bitcoin In 2025, Says ‘Omega Candle’ Is Coming

Samson Mow Predicts $1 Million Price for Bitcoin In 2025, Says ‘Omega Candle’ Is Coming

Popular Bitcoin maximalist and Jan3 CEO Samson Mow has predicted that Bitcoin (BTC) could reach the $1 million price in 2025, driven by what he calls “omega candles” Speaking during a Saturday interview on the Simply Bitcoin channel, the Bitcoin bull argued that the cryptocurrency’s current prices massively undervalue Bitcoin, given the unprecedented demand from institutional players, nation-states, and retail investors. My guess is it’s going to be this year,” Mow said when asked by host Nico about his $1 million price target. “ Bitcoin has surged 17x before. There is no upper bound to Bitcoin.” He further dismissed notions of diminishing returns, likening Bitcoin’s potential rise to a “step change” akin to the collapse of the German Mark, where a currency’s value can vanish abruptly. For context, the term “omega candle” refers to a single daily candlestick on Bitcoin’s price chart representing a $100,000 increase, a phenomenon Mow claimed is already occurring in trading pairs like the Egyptian pound and Turkish lira against BTC . He shared his belief this explosive growth will hit the U.S. dollar pair soon, fueled by factors like MicroStrategy’s relentless buying, Bitcoin exchange-traded funds (ETFs), and potential U.S. strategic reserves. Meanwhile, Mow attributed Bitcoin’s current price stagnation to various market factors, including altcoin corrections and the 2 million BTC held on exchanges for trading and arbitrage. Notably, during a panel discussion at Consensus Hon Kong last week, the pundit described Bitcoin’s price action as “artificially suppressed,” pointing to its unusually narrow $92,400–$106,500 range since December 18, 2024. “ It feels orchestrated,” he had remarked, citing strong ETF inflows and MicroStrategy’s aggressive accumulation. “ If the price isn’t rising despite institutional and retail demand, someone must be offloading.” He also pointed to past sell-offs from bankruptcies and restructurings. He particularly pointed to the defunct FTX exchange, which has resumed creditor repayments based on Bitcoin’s $20K bankruptcy-era price, impacting liquidity with the next round set for May 2025. However, in his latest interview, Mow emphasized that these are temporary obstacles, emphasizing that Bitcoin’s scarcity, capped at 21 million coins, will continue attracting investors, buoying price. That said, Mow is not alone in his optimistic projections. Cathie Wood, CEO of ARK Investment Management, has reiterated her belief that Bitcoin could eventually achieve the $1 million mark as more institutional investors recognize its value. Recently, venture capitalist Chamath Palihapitiya has also projected that Bitcoin could hit $500,000 by October 2025 and potentially surpass $1 million between 2040 and 2042, viewing it as a long-term store of value. At press time, BTC was trading at $94,688, reflecting a 0.89% drop in the past 24 hours.

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