Bitcoin price expected to soar to $1 million due to gamma squeeze on MicroStrategy stocks

From Investing.com

December 7, 2024 07:00 AM:

Samson Mow predicts a key driver for the first Omega candle for Bitcoin, expecting a gamma squeeze on MicroStrategy stocks to push the price towards $1 million. He believes this single-day bullish movement will result in a rapid price increase for the cryptocurrency. MicroStrategy continues to add BTC to its reserves.

Mow also forecasts Bitcoin reaching Sat-dollar parity, where Satoshis will be equal in value to the U.S. dollar. He envisions a future where everyday items will be priced in Satoshis, with the remaining BTC distributed evenly among the global population. Current holders make equal distribution impossible, but the average person may end up with 10-50K Sats.

Read more at Investing.com: Key Driver for Bitcoin (BTC) Omega Candle Named by Samson Mow By U.Today