Bitcoin's price remains volatile, but JAN3 CEO Samson Mow continues to hold an optimistic forecast of $2 million per coin.
Bitcoin Volatility and Mow's Forecasts
Bitcoin price remains subject to significant swings, fluctuating between $77,900 and $85,900, sparking investor caution. Despite this, Samson Mow, CEO of JAN3, reaffirms his confidence in Bitcoin's potential. He initially projected the price to reach $1 million per coin but revised this to $2 million, citing increased institutional demand.
JAN3 Actions and Institutional Adoption
JAN3 recently acquired 12 BTC, which yielded a 15% return ($150,000) in one month. This successful outcome supports Mow's thesis on the growing institutional adoption of Bitcoin.
Contradictions with ETF Outflows
Amid Mow's optimism, Bitcoin ETFs reported $275.9 million in net outflows over eight days, signaling reduced institutional participation. This contrasts with Mow's assurance in Bitcoin's long-term viability as a macroeconomic hedge.
Despite current challenges in the crypto market, Mow remains confident in Bitcoin's structural advantages, such as its limited supply and decentralized architecture, positioning it to redefine global finance.
