Samson Mow, a Bitcoin maximalist and CEO of a Bitcoin-focused company on January 3, continues to “educate” the “norms” about Bitcoin. Today, he took to his Twitter/X page to reveal to you a list of Bitcoin bullish factors that he is unaware of.
Samson Mow, a Bitcoin maximalist and CEO of a Bitcoin-focused company on January 3, continues to “educate” the “norms” about Bitcoin. Today, he took to his Twitter/X page to reveal to you a list of Bitcoin bullish factors that he is unaware of.
What “normals” don’t know about Bitcoin according to Mow
Mow tweeted six important factors influencing Bitcoin’s price in the long term, adding that “the rules don’t know” about them, “but they will,” he’s sure.
This list includes the supply and demand imbalance of the world’s leading digital currency, the upcoming Bitcoin halving in April (and even the explanation of what a halving is and how it works, what it does). Mow says “normals” are unaware of Bitcoin’s limited supply of 21 million. What none of them are aware of is the “Omega Candle” that Samson Mow expects to happen (without any more or less accurate prediction of when he expects it). The list also includes average net inflows of approximately half a million BTC to spot Bitcoin ETF issuers.
The Jan3 boss is sure that the “norms” will realize these important drivers, perhaps even soon, and then rush to accumulate Bitcoin. This ignorance of the “rules,” according to Mow, is the explanation for why the Bitcoin market is trading sideways right now: “If you are wondering why the market is going sideways, the answer is that you arrived early”.
ETFs absorb $700 million worth of BTC in one day
According to a recent tweet posted by blockchain sleuth @lookonchain, on Friday, February 16, eight of the eleven Bitcoin ETFs accumulated a mind-boggling amount of Bitcoin in a single day: 13,460 BTC equivalent to $701,800,000. BlackRock’s share of the Bitcoin accumulated here amounted to 6,380 BTC valued at $332.7 million, and Fidelity’s was 3,228 BTC valued at $168 million.
These two are the largest Bitcoin ETFs among the 11 approved by the Securities and Exchange Commission on January 11. Grayscale’s Bitcoin supply, on the other hand, saw a decline of 2,555 BTC worth $133 million.
This aforementioned figure surpassed the largest inflow seen earlier this week, $600 million. Bitcoin ETFs are buying approximately 12 times the daily supply of Bitcoin.
