Mow also accompanied his tweet with a picture to illustrate his thought as best as possible.
In one of the tweets published earlier, the JAN3 CEO explained that an Omega candle would be a huge candle on a Bitcoin chart that would propel BTC’s growth to a high extent, and it usually happens unexpectedly.
Another Bitcoin evangelist and BTC advisor to the president of El Salvador Max Keiser prefers to call this a “God candle.” This year, he has also tweeted multiple times that a God Bitcoin candle is inevitable.
According to Mow’s earlier tweets, the Omega candle that he expects is bound to lead Bitcoin to the $1 million price mark inevitably. As the year started, Mow reckoned that spot Bitcoin ETFs approved by the Securities and Exchange Commission in January would create a BTC demand shock, while the Bitcoin halving (which took place on April 20) would create a supply shock for BTC. Once these two shocks clash against each other, an Omega candle should emerge, he tweeted.
Since then, Bitcoin has been pushed down by almost 1.5%, and it is currently changing hands at $65,525 per coin.
Still, the famous investor and author of the “Rich Dad Poor Dad” book, Robert Kiyosaki, recently tweeted that he expects Bitcoin to hit $500,000 next year and very likely to reach $1 million by 2030 since, by that time, AI will have disturbed the world of finance greatly. Kiyosaki cited a book, “Money GPT” authored by his friend-writer that is allegedly about to come out, where the author explores the potential impact of ChatGPT and other AI bots on financial markets and trading in general.
This article was originally published on U.Today
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