Samson Mow, a prominent Bitcoin advocate and CEO of JAN3, has recently drawn a striking parallel between his current stance and that of Michael Burry from “The Big Short.” Unlike Burry’s “big short” on mortgage bonds, Mow is taking a “big long” on Bitcoin, anticipating a significant surge represented by an “Omega candle.” In a recent tweet, Samson Mow likened his confidence in Bitcoin to Michael Burry’s renowned prediction about the housing market crash. Mow believes Bitcoin is on the brink of an “Omega candle,” a massive bullish signal that could push prices to new heights. He admitted that this anticipated green candle is taking longer to materialize than initially expected. On August 4, the U.S. stock market experienced a dramatic wipeout of $1 trillion, impacting various financial sectors, including cryptocurrencies. Bitcoin saw a 5.37% drop, falling from $59,390 to around $55,803. Despite this, Bitcoin’s recovery was briefly supported by a large green candle on the hourly charts, with the current price stabilizing at $56,832. Despite the recent turmoil, Mow remains optimistic about Bitcoin’s potential for a substantial rebound. He attributes his optimism to upcoming positive developments and believes that the long-awaited “Omega candle” could signal the beginning of a new bullish phase for Bitcoin.
Bitcoin Omega Candle Coming: Samson Mow Channels Michael Burry’s “Big Short” Style for a “Big Long” on BTC
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