Bitcoin veteran Samson Mow predicts a massive shift in Bitcoin’s price movement. He believes we’re on the verge of seeing daily price swings far exceeding what we’ve seen before.
From “God Candles” to “Omega Candles”
Mow uses the term “god candle” to describe a $10,000 daily price jump in Bitcoin. He suggests that the next phase will be “omega candles”—daily moves of $100,000. While this sounds extreme, he points out that in countries with unstable currencies, such massive daily fluctuations are already commonplace.
Why the Big Change?
Mow argues that the current fiat monetary system is fundamentally flawed. He highlights the disconnect between the massive daily increases in national debt (which he equates to multiple “omega candles” daily) and the public’s reaction to potential similar movements in Bitcoin’s price. He believes that once Bitcoin surpasses $100,000, the pace of price changes will accelerate significantly. $1,000 daily swings will become the norm, leading to the eventual $10,000 and then $100,000 daily jumps.
Omega Candles Already Exist
Mow emphasizes that these massive price swings aren’t entirely theoretical. In countries like Egypt, Turkey, and Argentina, experiencing significant currency instability, daily price changes equivalent to “omega candles” are already a reality.
The Bottom Line
Mow’s prediction is bold, suggesting a future where Bitcoin’s price volatility increases dramatically. While this might seem shocking, he frames it as a natural progression given the current state of global finance and the relative stability of Bitcoin compared to some fiat currencies. He believes that the perception of these price movements will change as Bitcoin matures.
