Samson Mow, a prominent advocate for Bitcoin and CEO of JAN3, has recently made headlines with his bold prediction regarding the future value of BTC. Speaking to the cryptocurrency community, Mow reiterated the unique attributes that set Bitcoin apart as the most decentralized digital currency available. His strong belief is that Bitcoin will soar to $1 million in the near future, particularly highlighting its critical feature of programmed scarcity.
In a recent post on his X account, Mow reminded followers that there will only ever be 21 million Bitcoin in existence. He stressed that this aspect of scarcity is poised to significantly influence global finance, stating, “The world is about to learn the meaning of absolute scarcity.” Currently, more than 19 million of these coins have already been mined, which underscores the urgency surrounding Bitcoin as an investment.
The mining process for Bitcoin includes a mechanism known as “halving,” which occurs approximately every four years. This process reduces the rewards miners receive by half, which in turn decreases the rate at which new Bitcoin enters circulation, reinforcing its deflationary nature.
Mow has also outlined a specific timeline for when he believes Bitcoin could reach the $1 million mark, suggesting it could happen between 2031 and 2033. He calculates that Bitcoin may rise by around $150,000 each year leading up to that point. During this period, he anticipates the cryptocurrency might experience “Omega candles” in some years, while in others, it may trade sideways, providing opportunities for investors to accumulate more.
At present, Bitcoin is trading at $95,250. Over the last three days, the leading cryptocurrency has faced a decline of approximately 2.75%, sliding from a recent peak of $97,950—the highest it has reached in the last few months. The current price movements appear to be influenced by ongoing geopolitical tensions between the United States and other nations, including recent trade tariffs that have been imposed.
