"Bitcoin (BTC), possibility of rapid rise to $100,000 after surpassing $10,000"

JH Kim

Summary

Samson Mow, former Chief Strategy Officer of Blockstream, stated that if Bitcoin surpasses $10,000, growth potential could change dramatically.
Bitcoin could experience daily fluctuations expanding from thousands to tens of thousands of dollars, predicting a market change called the 'Omega Candle'.
At the price level of $10,000, there will be no need for fiat currency conversion as everyone will only want Bitcoin.

Samson Mow, former Chief Strategy Officer (CSO) of Blockstream, stated in an interview with Cointelegraph on the 29th (local time) that "if Bitcoin (BTC) surpasses $10,000, the growth potential could change dramatically," adding that "daily fluctuations could expand from thousands to tens of thousands of dollars, and then the 'Omega Candle' will start to appear." The 'Omega Candle' refers to a term used to describe a bullish candle that records an increase of over $10,000 in a single chart. He further mentioned, "If the BTC price rises to $10,000, there will be no need to convert back to fiat currencies like the dollar or yen," emphasizing that "everyone will only want Bitcoin."

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