Bitcoin advocate Aleksander Svetski recently gave his interpretation of the “Bitcoin God Candle,” which has sparked interest in the Bitcoin community. According to Svetski, the “God Candle” is not a phenomenon expected to occur in the immediate future. He describes it as a significant event where the focus shifts from tracking Bitcoin’s price to tracking the price of Satoshi’s (Sats), the smallest monetary unit of Bitcoin. This shift is expected to happen once one Satoshi equals one cent.

Svetski predicts that the “God Candle” event will occur when the value of one Satoshi increases from five cents to six cents in a single day. This change may seem trivial at first glance, but it implies a massive increase in Bitcoin’s value. With this logic, a Bitcoin holding worth five million dollars would jump to six million dollars in a single day due to this shift. Svetski emphasizes the magnitude of this event, highlighting that such a change would represent a one million dollar increase in a day.

He also provides probabilities for the occurrence of this event, estimating a 0.00001% chance of it happening in the current cycle, a 20% chance in the next cycle around 2028, and an 80% chance in the first cycle after 2030. Svetski is almost certain, with a 99% probability, that the “God Candle” will occur before 2040.

This concept introduced by Svetski reflects the dynamic nature of the Bitcoin market. It underscores the significant potential for value shifts in Bitcoin and highlights the evolving way in which market participants may perceive and measure Bitcoin’s value in the future. The “Bitcoin God Candle” serves as a theoretical marker for a profound change in the Bitcoin landscape, where minute shifts in the value of the smallest unit can have monumental implications for the market as a whole.

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