Key Points
- Samson Mow, CEO at Jan3, has shared optimistic insights about Bitcoin’s future.
- He predicts Bitcoin’s rise to $1 million per coin due to increased demand and an upcoming supply shock.
Samson Mow, former CSO at Blockstream and current CEO at Jan3, recently gave his perspective on Bitcoin’s latest milestone. He used X (formerly Twitter) to discuss the new all-time high of the cryptocurrency and suggest potential future targets for the leading digital currency.
Mow stated, “You can still buy Bitcoin for less than $0.08M,” implying that the opportunity to purchase BTC at this price will soon disappear. His hopeful comments sparked enthusiasm in the cryptocurrency community, suggesting that Bitcoin’s rise could result in historic price highs. This was demonstrated by its recent milestone of $71,000 and a new all-time high of $71,830.
Bitcoin’s Market Capitalization and Future Predictions
This surge pushed Bitcoin’s market capitalization to an impressive $1.41 trillion. Michael Saylor, MicroStrategy Founder and Chairman, echoed this sentiment, stating, “Interest in Bitcoin is hitting an All-Time High everywhere in the World.” Saylor also expressed his interest in Bitcoin, revealing that MicroStrategy had acquired an additional 12,000 BTC for approximately $821.7M.
Robert Kiyosaki, an entrepreneur and investor, warned of an impending burst of “the biggest bubble in history,” advising people to buy real assets like gold, silver, and Bitcoin before the bubble bursts. This underlines Kiyosaki’s prediction of a severe impact from this impending collapse, along with a projected downturn in the U.S. stock market.
Mow predicts that BTC will eventually rise to $1 million per coin. He gives two reasons for this assumption. First, the increase in demand for Bitcoin, fueled by the U.S. government’s extensive money printing efforts in response to the pandemic since 2020. Second, the upcoming fourth BTC halving, which will reduce miners’ rewards and could potentially trigger a supply shock.
With demand rising, especially following the SEC’s approval of spot Bitcoin ETFs in January, financial institutions are actively accumulating Bitcoin, paving the way for further price appreciation in the future.
