Samson Mow, a stalwart Bitcoin maximalist and CEO of the Bitcoin-focused company Jan3, has taken to social media to enlighten the crypto community about several bullish factors for Bitcoin that are largely overlooked. Mow’s disclosure aims to educate those new to the crypto space, affectionately referred to as ‘normies,’ on the underlying drivers that could significantly influence Bitcoin’s price in the long term.

The Catalysts Behind Bitcoin’s Potential Surge

Mow outlined six key elements that he believes will fuel Bitcoin’s growth. These include the supply-demand imbalance of the world’s premier digital currency and the imminent Bitcoin halving event slated for April. Additionally, Mow points out the limited supply of 21 million Bitcoins and the phenomenon he terms the ‘omega candle’ as critical bullish indicators. Furthermore, he highlights the substantial daily net inflows to spot Bitcoin ETF issuers, averaging between $400 million to $500 million, as a testament to growing institutional interest.

The Implications of Increased Awareness

The revelation of these factors by Mow is intended to shed light on the significant yet underappreciated aspects that may propel Bitcoin’s value upward. As awareness grows, particularly among those new to the market, Mow anticipates a rush to accumulate Bitcoin, potentially leading to a bullish market trend. This educational effort underscores the importance of understanding Bitcoin’s fundamental value propositions beyond its current market performance.

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The Rise of Off-Exchange Settlements in Crypto

The collapse of FTX last year has prompted various players in the crypto space to explore safer trading and settlement methods. Off-exchange settlement, particularly in spot markets, has been identified as a viable solution for enhancing security and trust in crypto transactions. According to Lewis Fellas, head of hedge fund solutions at CoinShares, while off-exchange settlements are relatively straightforward for spot markets, extending this to derivatives trading presents more complexity.

OKX and CoinShares: Pioneering a New Trading Model

OKX’s collaboration with CoinShares and Komainu has led to the development of a collateral mirroring agreement, allowing clients to trade a full suite of OKX products on the derivatives platform. This system addresses the intricate aspects of margin financing and risk mitigation, particularly in scenarios where large positions might lead to significant value drops.

Expanding the Reach of Custody-Based Derivatives Trading

Beyond CoinShares, several other hedge funds, whose names were not disclosed by Fellas, will be utilizing this new system. The plan is to eventually extend this settlement system to other exchanges, broadening its impact and utility in the crypto trading world.

Komainu’s Role in Standardizing Legal Agreements

Komainu, a joint venture involving Japanese bank Nomura, CoinShares, and crypto storage firm Ledger, has been instrumental in addressing the complexities of derivatives and swaps trading. Sebastian Widmann, head of strategy at Komainu, emphasized the creation of a standardized legal agreement to facilitate adoption by various counterparties. This standardization is particularly crucial as more institutional players, who are used to segregated custody and exchange arrangements, enter the crypto market.

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