‘$1 Million Bitcoin’ Advocate Samson Mow Likens Bitcoin ETFs to Matrix's Neo
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Renowned early Bitcoin supporter and Jan3 chief executive Samson Mow has taken to the X/Twitter platform to share a curious comparison of Bitcoin to Neo from the Wachowskis’ classic movie “The Matrix.”
He explained how Bitcoin has penetrated the current traditional financial system and is pondering what will happen after that in the near future. The audience in the comments supported Mao’s metaphor, offering more similar comparisons.
Bitcoin ETFs "diving into Agent Smith"
Samson Mow reminded his army of followers about the scene in "The Matrix" when Neo dives into Agent Smith and the machine explodes, with Neo emerging choosing another agent to destroy in the same manner.
He compared it to the current situation on the market, where Bitcoin has dived into the legacy financial system using spot ETFs, and they are working now inside it. Mow did not offer any particular outcome, just saying that he is watching this exciting show very attentively, wondering what will happen next and whether Bitcoin ETFs will succeed in transforming the traditional financial system.
However, the overall feel of his tweet and of his previous recent posts on X/Twitter hint that he expects Bitcoin to change the legacy system forever. Mow has a strong belief that Bitcoin will definitely reach the $1 million level in the near future and the recently launched spot ETFs are bringing that victorious moment closer. Another crucial catalyst often mentioned by Mow is the approaching Bitcoin halvening. This significant event is scheduled for the second part of April, and it will see miners’ rewards drop from 6.25 BTC per block currently to 3.125 BTC per every new one generated by miners.
ETFs have helped to create a Bitcoin demand shock, while the halvening, Mow and many other Bitcoin maxis believe, will certainly create a supply shock. They expect the BTC price to surge once these two shocks clash against each other.
Yuri MolchanFidelity beats other ETFs
According to a recent tweet shared by the @spotonchain analytics account, Fidelity Wise Origin Bitcoin Fund (FBTC) surpassed the other ETFs on April 3 with a massive funds inflow of $116.7 million.
At the same time, outflows from Grayscale’s GBTC ETF slumped to $75.1 million. This is the lowest over the past trading month for this spot-based Bitcoin exchange-traded product.
Related articles
Tomiwabold Olajide
U.Today Editorial Team
Vladislav Sopov
Dan Burgin