Samson Mow, CEO of JAN3 and a prominent Bitcoin advocate, has reiterated his bold prediction that Bitcoin's value will surge to $1 million, not through a gradual ascent, but via a "very short and violent upheaval" occurring within "weeks to months." The assertion, shared via a tweet by Bitcoin Archive, underlines Mow's consistently bullish outlook on the cryptocurrency's future. This accelerated timeline significantly deviates from his previously modeled 2031 target, driven by evolving market dynamics and increasing adoption.
Mow's forecast for a rapid price appreciation is rooted in his concept of "hyperbitcoinization," where Bitcoin becomes a dominant global currency amidst the potential failure of fiat systems. He emphasizes that traditional currencies tend to collapse spectacularly rather than gradually, creating conditions ripe for Bitcoin's swift rise. This perspective suggests an imminent and dramatic shift in global financial paradigms.
Key factors underpinning Mow's ultra-bullish stance include Bitcoin's inherent scarcity, with over 19 million of its 21 million total supply already mined. The growing institutional adoption, particularly through Bitcoin spot Exchange-Traded Funds (ETFs) accumulating significant amounts of the cryptocurrency, is expected to create a substantial demand shock. Furthermore, increasing corporate and nation-state interest, with JAN3 actively assisting countries in Bitcoin adoption, contributes to the anticipated supply squeeze.
While Mow's internal model once suggested a $1 million Bitcoin by 2031, he has indicated a shift in his personal conviction, believing the milestone could be reached as early as "this year or next." This revised timeline is partly influenced by what he perceives as growing government support for cryptocurrencies, particularly in the United States. Mow has consistently maintained that "everything is trending to zero against Bitcoin," reinforcing his belief in its ultimate supremacy as a store of value.