In a recent interview, Samson Mow, CEO of JAN3 and vocal Bitcoin proponent, discussed his forecasts regarding the future of the leading cryptocurrency. He believes Bitcoin could reach $1 million in the near future.
Most Likely $1 Million Bitcoin Scenario
Samson Mow shared a scenario he believes will lead to Bitcoin hitting $1 million. He predicts it will happen quickly, characterizing it as a ‘very short and violent upheaval’ that could occur within weeks or months.
> “Violent upheaval is the most likely scenario.” CITE_NA
Hyperbitcoinization is Coming
Mow also pointed out that more countries are beginning to mine Bitcoin, which is bringing global hyperbitcoinization closer. He cited Bhutan, which has been mining since 2019, noting that its current Bitcoin holdings are worth nearly one trillion dollars.
Future of Bitcoin and Government Bonds
According to Mow, the world is on the verge of seeing governments issuing sovereign debt, with the proceeds being directed towards accumulating Bitcoin. He emphasized that Michael Saylor's fundraising model has proven very effective, suggesting that it won’t be long before every country adopts this approach.
Thus, according to Samson Mow, we are on the brink of significant changes in the cryptocurrency landscape, including hyperbitcoinization, which creates the potential for Bitcoin's price to reach $1 million.
