Samson Mow Doubles Down: Bitcoin’s Path to $1 Million Just Got Clearer

Bitcoin maximalists, buckle up—Samson Mow just dropped another bombshell prediction. The industry provocateur insists BTC isn’t just moon-bound—it’s headed for a seven-figure price tag. Here’s why the market might actually take him seriously this time.

### The $1 Million Thesis: More Than Just Hopium?

Mow’s argument hinges on Bitcoin’s hardening scarcity meets institutional FOMO. With ETFs hoovering up supply and halvings turning issuance into a trickle, the math gets brutal for shorts. ‘It’s not if, but when,’ he tweeted—before Wall Street could finish its morning coffee.

### TradFi Skeptics, Meet Your Nemesis

Goldman analysts still call it a ‘speculative asset.’ Meanwhile, Bitcoin’s market cap quietly flirts with silver. The irony? Banks now custody more BTC than ever—hypocrisy tastes better with a side of management fees.

### The Kicker

Will it actually hit $1M? Maybe. But watching finance dinosaurs scramble to ‘explain’ the rally when it happens? Priceless.

TLDR

• Samson Mow predicts Bitcoin will hit $1 million, with all assets trending to zero against it.

• Mow believes Bitcoin’s limited supply and decentralized nature set it apart from altcoins.

• Bitcoin’s scarcity is increasing as more than 19 million BTC have already been mined.

• Mow’s statement echoes Max Keiser’s Bitcoin maximalist views and the adoption in El Salvador.

Samson Mow, CEO of JAN3, a company helping nation-states adopt Bitcoin, issued an ultra-bullish message on August 13. Mow emphasized that all assets are eventually trending toward zero against Bitcoin.

In a tweet, Mow reminded the Bitcoin community,

“Everything is trending to zero against Bitcoin. Don’t ever forget that.”

Mow’s bullish stance on bitcoin is tied to the belief that Bitcoin’s decentralized nature and limited supply give it unique economic potential. As one of the most vocal advocates for Bitcoin, Mow believes it is the only true store of value, a belief that has led him to predict that Bitcoin could eventually reach $1 million per coin.

Bitcoin Unmatched Supply and Scarcity

A key aspect of Mow’s argument is Bitcoin’s supply limit. Bitcoin’s total supply is capped at 21 million coins, and more than 19 million have already been mined.

This scarcity is a central part of Mow’s reasoning for Bitcoin’s potential rise in value. Unlike altcoins, which are often subject to inflation or arbitrary supply increases, Bitcoin’s supply is fixed. This creates a deflationary pressure that Mow believes will drive the price of Bitcoin upward in the long term.

Additionally, since January 2024, Bitcoin spot ETFs have been accumulating the cryptocurrency, further decreasing the available supply on the open market. The scarcity combined with increasing institutional adoption makes Bitcoin even more attractive as a store of value.

Rise of Bitcoin Adoption Among Corporations

Mow also highlighted the growing institutional adoption of Bitcoin. Following the playbook of Michael Saylor, several companies have begun accumulating Bitcoin through securities offerings.

These companies are funding their Bitcoin purchases by issuing securities, which are then bought by investors seeking indirect exposure to Bitcoin.

Mow’s statement also reflects the broader trend of nation-states embracing Bitcoin. For example, in 2021, El Salvador became the first country to adopt Bitcoin as legal tender. Mow has been an advisor to the El Salvador government and believes other nations will follow suit as Bitcoin continues to demonstrate its utility.

Market Reactions and Price Movements

Despite Mow’s bullish sentiment, Bitcoin’s price has experienced volatility. Earlier this week, Bitcoin reached a local high of $122,300, only to drop slightly following the release of the U.S. inflation data.

The data showed a lower-than-expected Consumer Price Index (CPI) of 2.7% instead of the anticipated 2.8%. Despite the inflation report, Bitcoin remained relatively unfazed, and its price corrected to under $120,000.

However, Mow’s prediction that Bitcoin could eventually reach $1 million per coin seems to be gaining traction among Bitcoin maximalists and investors. This surge in Optimism about Bitcoin’s long-term potential is reflected in the growing interest from both retail and institutional investors.