CEO of JAN3, Samson Mow, makes bold predictions about Bitcoin's future, linking its potential growth to economic instability and changes in US tariff policies.
Impact of Tariffs on the US Economy and Bitcoin
The US government recently imposed tariffs on Chinese imports totaling 145%. According to Mow, this will lead to a decrease in demand for US Treasury bonds, which could lead to higher interest rates and increased interest in Bitcoin as a hedge asset.
> "If there is less surplus, there is less demand for UST, which means rates must rise. Bitcoin, it is going so much higher."
Bitcoin and Capital Flight
Mow notes that a potential sell-off of Chinese stocks and the depreciation of the yuan may lead to a significant outflow of capital from China into Bitcoin. He predicts:
> "After the reasoning gets worked out, I expect a huge flight of Chinese capital to Bitcoin. This will be further worsened by RMB devaluation."
Analysis of Bitcoin Prices and Future Predictions
Recently, Bitcoin was trading at $81,333.60, down 0.5% compared to the previous session. Analysts are divided on Bitcoin's price predictions, with some expecting it to reach between $100,000 and $500,000 in the coming years. There is also a growing trend of accumulation, with over 132 new wallets containing more than 10 BTC created in the last 24 hours.
Samson Mow predicts Bitcoin could rise to $1 million influenced by economic factors like rising tariffs and capital flight from China. These events highlight the growing interest of investors in Bitcoin as a protective asset against instability.
