Key Points
- Samson Mow, CEO of JAN3 and Bitcoin advocate, predicts Bitcoin could reach $1 million sooner than his initial 2031 forecast.
- The White House’s unprecedented support for Bitcoin is cited as a catalyst for the revised timeline.
Samson Mow, who heads JAN3 and is an ardent supporter of Bitcoin, has revised his prediction for Bitcoin’s price trajectory. He now believes that the cryptocurrency could hit the $1 million mark sooner than his original prediction of 2031.
White House Support for Bitcoin
Mow attributes this change in his forecast to the unexpected support for Bitcoin from the White House. He said, “Since getting into Bitcoin, what I’ve consistently found is that everything always happens faster than I expect. And now we have the White House promoting Bitcoin.” This statement was in response to a tweet from the White House stating, “America will be the Bitcoin superpower of the world.”
Mow believes this support could lead to a swift rise in Bitcoin’s value, even outpacing his own model’s predictions. His comments followed the White House’s crypto summit held on March 7.
JAN3’s Involvement in Bitcoin Initiatives
It’s still unclear whether the Trump administration will involve JAN3 in Bitcoin initiatives in the U.S. as much as it has in El Salvador. The International Monetary Fund (IMF) and other global financial institutions have voiced concerns about El Salvador’s Bitcoin strategy, citing potential impacts on financial stability and risks of money laundering.
Although JAN3 hasn’t been directly targeted, the regulatory environment surrounding its work in El Salvador has drawn some controversy. Nonetheless, Mow has the backing of El Salvador’s President Nayib Bukele, who plans to continue acquiring Bitcoin.
Earlier this year, JAN3 secured $5 million in seed funding to expedite the development and marketing of the AQUA Wallet. This new Bitcoin wallet utilizes advanced Layer 2 scaling technologies such as the Lightning and Liquid Networks. The funding also aims to support JAN3’s initiatives at the national level.
Mow founded JAN3 in 2022 with approximately $21 million in financial support.