According to U.Today, Anthony Scaramucci, the founder of SkyBridge Capital, recently emphasized the importance of owning Bitcoin in a post on his Twitter account. He highlighted that owning Bitcoin is no longer a matter of courage, but rather a 'question of brains'. Scaramucci's comments come in the wake of significant developments in the Bitcoin market, including the creation of spot ETFs and the recent halving event.
Scaramucci's tweet sparked a lively discussion among his followers, with many expressing their satisfaction with holding Bitcoin. However, one user questioned Scaramucci's investment in the FTC exchange, asking whether it was 'guts or brains' that motivated his decision.
In related news, Samson Mow, former Blockstream CSO and current CEO at Jan3, recently spoke to Forbes about the impact of the Bitcoin halving and his expectations for 'Omega candles'. Mow explained that halvings, which occur every four years, make Bitcoin more deflationary compared to fiat currencies and extend the issuance of BTC on the market.
Before the halving, ETFs were purchasing between 5x and 15x the amount of Bitcoin produced by miners per day, creating a 'demand shock' for Bitcoin. Mow now anticipates the emergence of Omega candles, which are major trading candles that signify high volatility and significant shifts in the Bitcoin price.
At the time of writing, Bitcoin is trading at $66,392, marking a nearly 9% increase since the halving day.
