The list of Bitcoin bull market factors showcased by Samson Mow that are unaw...

Kabir903

Samson Mow, a staunch Bitcoin maximalist and CEO of the Bitcoin-focused company Jan3, continues to "educate" the "average person" about Bitcoin. He has shared a list of Bitcoin bull market factors that they are unaware of on his Twitter/X page.

Each factor that Mow's "average person" is unaware of:

Mow posted six significant long-term drivers of Bitcoin prices on Twitter and added that "normal people" are unaware of these factors, but "they will be," he believes.

The list includes the supply-demand imbalance of the world's leading digital currency, the upcoming Bitcoin halving in April (even explaining what halving is, how it works, and what it does). Mow states that "normal people" are unaware of Bitcoin's limited supply of 21 million. They are also unaware of the "Omega Candle" that Samson Mow expects to occur (without any specific prediction). The list also includes the average net inflow of about 500,000 bitcoins from issuers of Bitcoin spot exchange-traded funds.

The boss of Jan3 is optimistic that "normal people" will realize these important drivers, possibly even soon, and then they will be eager to accumulate Bitcoin. According to Mow, this lack of understanding of the "norm" explains why the Bitcoin market is currently trading sideways — "If you want to know why the market is sideways, the answer is you're early."

ETFs absorbed $700 million worth of BTC in a day

According to a recent tweet by blockchain detective @lookonchain, on Friday, February 16, 8 out of 11 spot Bitcoin ETFs accumulated a staggering amount of Bitcoin in a single day — 13,460 bitcoins, equivalent to $701.8 million. Among the bitcoins accumulated here, BlackRock's share totaled 6,380 bitcoins, valued at $332.7 million, and Fidelity had 3,228 bitcoins, assessed at $168 million.

These two are the largest among the 11 Bitcoin ETFs approved by the U.S. Securities and Exchange Commission on January 11. In contrast, Grayscale's Bitcoin supply decreased by 2,555 bitcoins, valued at $133 million.

The above figures surpass the earlier maximum inflow of $600 million earlier this week. Bitcoin exchange-traded funds purchased about 12 times the daily issuance of bitcoins.

Nimmi373

This bull market is really impressive.

Pooja193

The things showcased are all pretty good.

Kahn332

What does it mean to be a Bitcoin maximalist?

Kalkin995

Indeed, there are many people who don't know the reasons.