Bitcoin Could Hit $1 Million Soon, Says JAN3 CEO Samson Mow
Bitcoin may reach $1 million faster than expected, says JAN3 CEO Samson Mow. He predicts a sudden price jump as more countries start using Bitcoin.
Bitcoin could hit $1 million sooner than most people expect, according to Samson Mow, CEO of Bitcoin-focused company JAN3. He predicts that the surge won’t be slow and steady but will happen suddenly, within weeks or months.
Speaking on a podcast, Mow compared Bitcoin’s future price jump to the collapse of fiat currencies. "When traditional currencies fail, they don’t slowly decline—they crash all at once. That’s why I believe Bitcoin won’t just gradually rise to $1 million. Instead, we’ll see a fast and dramatic price surge," he explained.
Governments Are Getting Involved in Bitcoin
Mow pointed to an important trend—governments are starting to mine and hold Bitcoin. He believes this is a sign that Bitcoin is on its way to becoming a dominant global currency, a process often called "hyperbitcoinization."
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One example he highlighted is Bhutan, which has been quietly mining Bitcoin for years. "If that’s not proof that hyperbitcoinization is coming, I don’t know what is," Mow said.
He also predicts that countries will soon take out loans to buy Bitcoin, just like MicroStrategy has done. "It’s only a matter of time before a country makes a big move and uses debt to load up on Bitcoin," he added.
Bitcoin’s Recent Price Moves
As of February 11, Bitcoin is trading at around $96,831, up 0.88% from the previous day. Compared to a year ago, when it was $48,189.88, Bitcoin has surged by over 102%.
In the last month, Bitcoin has risen by 2.39%, starting at $93,756.77 and reaching a high of $108,786 on January 20.
Also Read: 16 U.S. States Are Moving to Create Bitcoin Reserves – Is This the Future of Money?
