Bitcoin Halving to Spark Supply Shock, Says Samson Mow – Omega Time Ahead?

• Samson Mow, Bitcoin maximalist and head of Jan3, predicts “Omega time” for Bitcoin after current volatility subsides.
• Mow highlights the Bitcoin halving as a catalyst for a significant supply shock and growing ETF demand.
• Concerns surrounding the Middle East and potential miner capitulation are fueling short-term uncertainty.

Influential Bitcoin advocate Samson Mow offers a bullish outlook on Bitcoin’s future, citing the upcoming halving and growing ETF inflows as key drivers. Here’s why he believes the current market turbulence could lead to a surge in BTC price.

Mow: Market Confusion Precedes Bitcoin’s Supply Shock

Samson Mow attributes recent Bitcoin price fluctuations to a combination of geopolitical fears and market confusion surrounding the upcoming halving event. He believes the current volatility will dissipate, leading to a period he refers to as “Omega time” – a potential positive inflection point for Bitcoin.

The Bitcoin Halving – A Catalyst for Change

Mow emphasizes the halving’s importance, describing it as the “spark of a massive supply shock.” With block rewards set to decrease, the available supply of new Bitcoin will be cut in half, potentially fueling increased demand.

ETFs Fueling Demand, Despite Miner Concerns

Mow points to the substantial Bitcoin accumulation by spot ETFs and the recently launched Hong Kong Bitcoin-Ethereum ETFs as bullish signals. While some market participants express concerns that reduced block rewards could force miners to capitulate, Mow believes the broader demand picture outweighs these near-term worries.

Conclusion

Samson Mow presents a compelling case for a positive Bitcoin price trajectory in the wake of the halving. While short-term volatility and market uncertainty persist, he maintains that the combination of reduced supply, institutional interest through ETFs, and unwavering support from Bitcoin proponents lay the foundation for a significant price upswing.