JAN3 CEO Samson Mow has made a bold prediction that Bitcoin may soon reach $1 million. He links this to global instability in fiat currencies.
Potential Bitcoin Surge
According to Mow, the price of Bitcoin could experience a sudden rise within weeks. He argues that traditional currencies do not decline gradually but collapse suddenly. CITE_NA: 'Traditional currencies do not collapse slowly; they tend to fail suddenly and dramatically.'
Country Bonds and Bitcoin
Mow mentioned that countries with excess energy resources will start issuing sovereign bonds to use the proceeds to acquire Bitcoin. He cited Michael Saylor as an example, who implemented a similar strategy with his company to buy Bitcoin.
Overall Situation Development
Mow believes the increasing interest from governments in Bitcoin is no longer a hypothetical scenario, but a confirmation that hyperbitcoinization is becoming a reality. He suggests that this growing interest in digital assets will lead to a rapid increase in demand and prices for Bitcoin.
Mow's expectations for the future of Bitcoin highlight significant changes in the global financial system. The world may soon witness a new level of interest in digital currencies from governments.
