Jan3 CEO: Halving plus surge in demand for spot Bitcoin ETFs could push Bitcoin to $1 million

Golden Finance reports that Samson Mow, CEO of bitcoin adoption company Jan3, recently reignited the discussion on two key aspects of cryptocurrency: user privacy and future price trajectory. Mow cited Satoshi Nakamoto's privacy vision in the Bitcoin white paper, emphasizing its continued relevance. Bitcoin's anonymous creator, Satoshi Nakamoto, envisioned a system where privacy did not rely on trusted third parties such as traditional banks. Instead, the pioneering cryptographic technology adopted an anonymous private key system. While transactions are publicly recorded on the blockchain, the identities of the people involved remain hidden. This approach provides a unique solution to the privacy issues that plague many digital transactions. However, Bitcoin's privacy issue remains a tightrope walk. While anonymity protects user information, the public nature of the blockchain raises concerns about transparency. Regulators and law enforcement are grappling with the potential for abuse, emphasizing the need for a balanced approach. In addition, Mow believes that the recent halving, coupled with a surge in demand for spot Bitcoin ETFs, could trigger the emergence of an Omega candle. This convergence has the potential to drive the crypto asset to the much-anticipated $1 million price milestone.