"Bitcoin's Prospects decreasing, according to Samson Mow, who advocates for $1 Million Bitcoin, sounds a cautionary note"
In a recent turn of events, Samson Mow, CEO of JAN3, has shared an ultra-bullish message with the Bitcoin community, predicting that the digital currency could reach $500,000 by 2025 and ultimately hit $1 million per coin in the near future.
Mow's forecast is based on several key factors, including Bitcoin's scarcity, institutional adoption, and its role as a strategic reserve asset for governments and investors.
The fixed supply and scarcity of Bitcoin, with over 19 million coins already mined, creates a strong scarcity effect that drives value upward over time. Moreover, the increasing use of Bitcoin as a reserve asset by institutions and governments is reshaping global finance and limiting Bitcoin's available supply, adding upward price pressure.
Mow views Bitcoin’s decentralized nature and fixed supply as making it vastly superior to other assets and cryptocurrencies (altcoins), arguing that all other assets are "trending to zero" against Bitcoin. He points to prior halving events that historically resulted in price surges, alongside growing institutional interest, as stabilizing forces underpinning Bitcoin’s long-term growth potential.
Mow also emphasizes Bitcoin's market dominance over Ethereum as a crucial factor in its rally. He believes that Bitcoin's price is likely to surge when it regains market dominance over Ethereum.
In 2021, El Salvador adopted Bitcoin as the only legal medium of exchange, and Max Keiser, a Bitcoin maximalist and financial commentator, has been publishing similar tweets about Bitcoin. Keiser is currently the Bitcoin advisor to El Salvador's president, Nayib Bukele.
Despite the lower Consumer Price Index (CPI) data, Bitcoin has remained unfazed and gone down from above $122,000 to under $120,000. At press time, Bitcoin is trading at $119,300. Earlier this week, spot ETFs started accumulating Bitcoin, with these securities being bought by investors who prefer indirect exposure to Bitcoin. Several companies have started to accumulate Bitcoin this year, funding these purchases by issuing securities.
Mow frames the milestone of $1 million per Bitcoin as inevitable, emphasizing timing as the main uncertainty: “You know Bitcoin is going to add a zero. It’s simply a matter of when.” His $500,000 prediction by 2025 reflects a major step toward that goal, supported by structural demand factors rather than speculation alone.
In summary, Samson Mow advocates for Bitcoin’s eventual $1 million valuation because its limited supply, increasing institutional adoption, established role as a strategic reserve asset, and deflationary economic properties uniquely position it for massive long-term appreciation relative to other assets.
[1] Bitcoin Magazine [2] Decrypt [3] CoinDesk [4] The Block [5] Cointelegraph
- Samson Mow, the CEO of JAN3, has given an optimistic prediction about Bitcoin, suggesting it could reach $500,000 by 2025 and possibly $1 million in the future, hinting at the cryptocurrency's increasing value due to its scarcity, institutional adoption, and role as a strategic reserve asset.
- Mow argues that Bitcoin, with its fixed supply and decentralized nature, is vastly superior to other assets and cryptocurrencies (altcoins), citing historical price surges after halving events and growing institutional interest as stabilizing factors for Bitcoin's long-term growth.
- Mow also believes that Bitcoin's price is likely to surge when it regains market dominance over Ethereum, and he emphasizes that the eventual $1 million valuation of Bitcoin is inevitable given its unique position and properties.
- In the financial market news outlets such as Bitcoin Magazine, Decrypt, CoinDesk, The Block, and Cointelegraph, discussions about Bitcoin's price prediction, market dominance, and investing opportunities are common, reflecting growing interest and activity in the cryptocurrency market.
