Samson Mow: Halving and surge in spot ETF demand may push Bitcoin price to $1 million
According to Mars Finance, Samson Mow, CEO of Jan3, recently participated in a discussion about Bitcoin user privacy and the true identity of Satoshi Nakamoto.
When talking about privacy and how to maintain it, Mow cited Satoshi Nakamoto's privacy vision in the Bitcoin white paper. Satoshi Nakamoto proposed a way to protect privacy that could replace the way banks do. "The traditional banking model achieves a certain degree of privacy by limiting access to information to only relevant parties and trusted third parties." However, Satoshi Nakamoto proposed that Bitcoin can maintain privacy by keeping private keys anonymous. In this way, everyone can see that one party is sending funds to another, but the wallet will remain anonymous and the transaction will not be associated with a specific individual.
In addition, Mow believes that the recent halving event coupled with the surge in demand for Bitcoin spot ETFs, when the supply shock meets the demand shock, may trigger the emergence of the Omega candle pattern, which is expected to drive the Bitcoin price to the $1 million milestone.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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