Bitcoin toward $100K: Samson Mow predicts the ‘Omega candle’ era
2024-11-30

As Bitcoin BTCUSD approaches the monumental $100,000 mark, the cryptocurrency world is abuzz with anticipation. 
In an exclusive interview with Cointelegraph, Samson Mow, a leading Bitcoin advocate and CEO of JAN3, offers a bold outlook on what this benchmark means and what lies ahead. According to Mow, crossing $100,000 is more than just a milestone—it’s a launchpad for exponential growth.
“Post 100K, that’s when things start to heat up and accelerate,” says Mow. He explains that Bitcoin’s growth trajectory could shift dramatically, with price movements jumping from thousands to tens of thousands daily:
Mow also highlights the global factors driving Bitcoin’s rise, including the erosion of trust in traditional financial systems. He describes hyperbitcoinization as a scenario where Bitcoin replaces fiat currencies entirely. 
“It’s the point at which we no longer need to convert Bitcoin back to fiat currencies like the dollar or yen [...] Most importantly, everyone only wants Bitcoin,” said Mow.
He connects this shift to systemic issues like spiraling global debt. “The US debt is spiraling out of control. We are at $36 trillion right now. Back when your grandparents were going out to party, they were paying $0.15 for a hamburger. But now you’re $36 trillion in debt.”
Institutional players like MicroStrategy and spot Bitcoin ETF buyers are also key drivers, according to Mow. “MicroStrategy [...] adds gasoline on that fire by creating this Bitcoin reactor, which they can take corporate debt and equity and convert that to Bitcoin price at a much higher multiple in the future.”
What will Bitcoin’s next steps mean for the financial world? Is the $1 million Bitcoin closer than we think? Check out the full interview now on our YouTube channel!