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"Bitcoin (BTC), possibility of rapid rise to $100,000 after surpassing $10,000"

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JH Kim
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  • Samson Mow, former Chief Strategy Officer of Blockstream, stated that if Bitcoin surpasses $10,000, growth potential could change dramatically.
  • Bitcoin could experience daily fluctuations expanding from thousands to tens of thousands of dollars, predicting a market change called the 'Omega Candle'.
  • At the price level of $10,000, there will be no need for fiat currency conversion as everyone will only want Bitcoin.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Samson Mow, former Chief Strategy Officer (CSO) of Blockstream, stated in an interview with Cointelegraph on the 29th (local time) that "if Bitcoin (BTC) surpasses $10,000, the growth potential could change dramatically," adding that "daily fluctuations could expand from thousands to tens of thousands of dollars, and then the 'Omega Candle' will start to appear." The 'Omega Candle' refers to a term used to describe a bullish candle that records an increase of over $10,000 in a single chart. He further mentioned, "If the BTC price rises to $10,000, there will be no need to convert back to fiat currencies like the dollar or yen," emphasizing that "everyone will only want Bitcoin."

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reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.