Bitcoin advocate and JAN3 CEO Samson Mow has revised his Bitcoin price prediction, now suggesting that the leading cryptocurrency could hit $1 million much sooner than his original 2031 forecast.
White House Support as a Catalyst
Mow cites the unprecedented backing from the White House as a key factor accelerating Bitcoin’s growth trajectory. Responding to an official statement from the U.S. government declaring its ambition to make America the “Bitcoin superpower of the world,” Mow noted that Bitcoin has historically outpaced expectations.
“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,” Mow stated.
On March 8, he doubled down on this stance in a tweet, saying:
“That’s why my prediction is for a fast run to $1.0M. I’m front-running my own model which indicates $1.0M in 2031.”
The Impact of the U.S. Crypto Summit
Mow’s comments follow the White House Crypto Summit, which took place on March 7. The event, attended by top crypto executives, marked a significant shift in the U.S. government’s stance toward Bitcoin and digital assets. The administration’s pro-Bitcoin rhetoric could pave the way for increased institutional adoption, regulatory clarity, and broader mainstream acceptance.
However, it remains uncertain whether the Trump administration will invite JAN3 to participate in Bitcoin-related initiatives in the U.S. as actively as it has in El Salvador.
Bitcoin Adoption and Regulatory Challenges
While Bitcoin’s adoption continues to grow, some global financial institutions, including the International Monetary Fund (IMF), remain skeptical about its impact on financial stability. El Salvador’s decision to adopt Bitcoin as legal tender has been met with scrutiny, with concerns surrounding money laundering risks and economic volatility.
JAN3 has played a key role in supporting Bitcoin adoption at the nation-state level, particularly in El Salvador, where President Nayib Bukele has remained committed to accumulating Bitcoin. Despite regulatory challenges, Mow’s company has continued to advance its mission of promoting Bitcoin adoption globally.
JAN3’s Growth and Future Plans
In January, JAN3 secured $5 million in seed funding to accelerate the development and marketing of its AQUA Wallet, a new Bitcoin wallet designed to leverage Layer 2 scaling technologies such as the Lightning Network and Liquid Network. The funding will also support the company’s nation-state Bitcoin initiatives.
JAN3, which Mow launched in 2022 with approximately $21 million in financial backing, has positioned itself as a key player in global Bitcoin adoption efforts.
The Road to $1M Bitcoin
While Mow’s prediction of Bitcoin reaching $1 million remains speculative, increasing governmental and institutional adoption could contribute to a significant price surge. Whether the White House’s pro-Bitcoin stance will create the conditions necessary for such a meteoric rise remains to be seen.
For now, Bitcoin advocates and investors will be watching closely as the digital asset continues to gain legitimacy on the world stage.
