Samson Mow, CEO of JAN3 and a well-known Bitcoin advocate, made a bold statement that all assets lose value compared to Bitcoin. His prediction of a price of $1 million per Bitcoin is based on its unique characteristics and the general trend in the financial world.
What Mow Means by ‘Trending to Zero’
Mow asserts that when measuring other assets against Bitcoin, they lose value over time. He emphasizes that:
- Gold can be mined. - Stocks can be diluted. - Real estate can be endlessly developed. - Fiat currencies can be printed.
However, Bitcoin has a capped supply of 21 million coins, with more than 19 million already mined. This creates a unique scarcity, increasing its potential value.
Others Are Thinking the Same
Not only Mow supports the idea of Bitcoin dominance. Max Keiser, a Bitcoin supporter and advisor to the president of El Salvador, claims that:
> "Everything goes to zero against Bitcoin."
El Salvador became the first country to make Bitcoin legal tender, proving that government-level adoption of cryptocurrency is possible.
The Case for Bitcoin Dominance
Supporters of Bitcoin, including Mow, list several reasons why they believe it is unstoppable:
- **Absolute Scarcity**: The limit of 21 million coins is unchangeable. - **Huge Returns**: Over the past decade, investments in Bitcoin have grown by 46,614%. - **Zero Hassle**: You control your coins without taxes or legal risks. - **Global, 24/7 Liquidity**: Bitcoin is available for buying and selling anytime, anywhere. - **Growing Demand**: More capital is flowing into Bitcoin from government entities and private investors.
Currently, Bitcoin reached a local peak of $122,300; however, its short-term fluctuations do not reflect long-term prospects. If historical data and fundamentals hold true, a price of $1 million per coin may become a reality.
