Serbian prince Philip Kara Orchević believes Bitcoin is being held back by the power of the market, but expects a massive surge in prices. In an interview with Simply Bitcoin on April 24, 2025, Filip discussed how some market participants could curb Bitcoin’s price action. He believes it is similar to the 2021 market and prevents prices from rising significantly, and warns that it could happen again in 2025. However, I am confident that the deflationary nature of Bitcoin means its value continues to rise over time.
Philip also mentioned the concept of “Omega Candles” introduced by Bitcoin advocate and Jan3 CEO Samson Mow. This theory predicts a rapid rise after Bitcoin prices exceed $100,000. Mow explained that once Bitcoin reaches this threshold, its price could rise by $10,000 per day, followed by a daily increment of $100,000. Philip repeated the idea, suggesting that Bitcoin prices could “run away” after certain points, causing a large gathering.
Bitcoin has been showing positive momentum recently, with prices recovering more than 9% in the past week. Data from far side investors shows that in just three days until April 23, 2025, US Bitcoin Exchange Trade Funds (ETFs) have accumulated over $2.2 billion in Bitcoin in just three days. Analysts at Bitfinex Exchange noted that the rally coincides with expectations regarding Bitcoin’s relative strength against stocks and dollars. They attributed the rally to macroeconomic relief, a strong ETF influx, and rising market expectations that the Federal Reserve would maintain flexible policies through softening economic data.
Despite recent gatherings, there are concerns about the wider economic situation. Analysts warn that macroeconomic uncertainty could limit the likelihood of Bitcoin rising. JPMorgan predicted a 60% chance of a recession in 2025, citing risks such as ongoing trade tensions with China. The possibility of a US recession has sparked concerns among both stock investors and cryptocurrency investors.
As institutional interest in Bitcoin continues to grow, Philip remains optimistic about its long-term outlook. He believes that growth will explode if Bitcoin breaks price restrictions imposed by market participants. However, macroeconomic factors and market management could still affect Bitcoin’s price in the short term, but Philip believes that Bitcoin’s basic deflationary properties will increase its value over time.