Samson Mow: Bitcoin's $0.12 Million Price Only Marginally Beats Inflation, Bull Market Yet to Begin

Samson Mow, CEO of Bitcoin adoption-focused company JAN3, recently asserted that Bitcoin's current valuation, despite reaching new highs, has only modestly outpaced inflation. In a recent tweet, Mow suggested that the cryptocurrency's true bull market has yet to commence, basing his analysis on an inflation-adjusted historical high. This perspective comes as Bitcoin has seen significant price movements, including a new all-time high of approximately $118,403.

Mow presented a specific calculation to support his claim, stating, "> "If you take a real inflation rate of say 11% (eggs) and apply it to the ATH price in November 2021 ($68,789), that gives us an inflation adjusted 2021 high of $0.1M." He further elaborated on the current price, noting, "> "$0.12M is just beating inflation by 19%, or 4.8% annually. The Bitcoin bull market hasn’t even started yet." This calculation underscores his belief that the asset's appreciation is merely keeping pace with rising costs.

This latest statement aligns with Mow's long-standing and vocal predictions for Bitcoin, which include a target price of $1 million by the end of 2025. As a prominent Bitcoin maximalist, he has consistently advocated for what he terms "hyperbitcoinization," a future where Bitcoin becomes the dominant global currency. His firm, JAN3, focuses on accelerating this adoption, particularly among nation-states.

Mow frequently highlights Bitcoin's inherent scarcity as a key driver for future price surges, arguing that "there’s not enough Bitcoin for everyone." He points to increasing demand from institutional investors and the emergence of Bitcoin exchange-traded funds (ETFs) as factors rapidly draining the available supply. This growing institutional interest, coupled with potential nation-state adoption, is expected to create a significant supply shock.

The JAN3 CEO's outlook suggests that current market prices do not yet reflect the full impact of these accelerating adoption trends. He believes that a substantial price movement is inevitable as more players enter the market, reinforcing his conviction that Bitcoin's most significant growth phase is still on the horizon.