Renowned Bitcoin advocate Samson Mow has outlined a potential catalyst for Bitcoin's price surge, suggesting that GameStop's inclusion of Bitcoin in its treasury could trigger a significant uptrend. Mow, known for his Bitcoin maximalist stance, identified a potential 'Godzilla candle' formation on Bitcoin's price charts, signaling a bullish momentum that could propel the cryptocurrency to new highs.

Bitcoin has historically experienced price surges driven by institutional adoption from major traditional companies. With increasing adoption and mainstream interest in cryptocurrencies, several factors could contribute to a substantial price rally, including GameStop's involvement. GameStop, known for its notable market movements, experienced a significant surge in its shares during a short squeeze in January 2021.

Companies like MicroStrategy, Tesla, and Square have already incorporated Bitcoin into their balance sheets, and GameStop is among the growing list of firms accepting Bitcoin payments. However, Mow believes that GameStop's announcement of adding Bitcoin to its corporate treasury could have a more profound impact. As a popular stock among younger investors, GameStop has the potential to introduce cryptocurrency to a vast new audience, potentially driving Bitcoin prices higher.

In a tweet, Mow suggested that both GameStop and Bitcoin would experience immediate bullish momentum if GameStop were to invest in Bitcoin, referring to it as a 'Godzilla candle' scenario. This sentiment follows GameStop's recent share price decline after reporting a significant loss in the first quarter of 2024.

As of the latest data, Bitcoin is trading around $69,310, with bullish investor sentiment evident from over $1.57 billion worth of BTC withdrawn from crypto exchanges during the week. While a 'Godzilla candle' may lead to short-term volatility, it could set the stage for Bitcoin to establish stability at a higher price level beyond its current all-time high.