Samson Mow, CEO of Jan3—a Bitcoin-focused tech company—has made a bold prediction, saying the price of Bitcoin could eventually hit $1 million per coin. His ambitious forecast adds to a growing list of similar predictions from Bitwise and other market experts. Mow points to supply and demand dynamics as the key factor that could drive Bitcoin to this seven-figure price.
Why Bitcoin Could Reach $1 Million
Bitcoin is currently trading above $75,000, after a sharp rebound to $79,000 that quickly reversed most of those gains. Even though it hasn’t returned to its all-time high above $126,000, market experts remain strongly bullish on BTC.
Notably, Mow’s $1 million price target suggests Bitcoin could surge by over 1,200%—or roughly 13 times—from its current price, which would be a massive gain. Speaking on a podcast, the CEO didn’t give a clear timeline for this target, but he strongly implied that reaching this level is inevitable.
He backed his outlook by arguing that Bitcoin could experience a sharp “Omega Candle” that might push its price toward $1 million. He said this move could happen sooner than expected and would likely be driven by a major shift in Bitcoin’s supply and demand.
According to Mow, the current market seems to be mispricing Bitcoin’s supply, with enough coins still available for sale. He noted that many people are misled into thinking Bitcoin has an infinite supply and that its price will always stay low.
But Mow disagrees. He points out that major Bitcoin treasury companies like Strategy and others are steadily buying up BTC, which could drive the available supply to extremely low levels. Once that happens, he believes Bitcoin could face a powerful supply shock that pushes its price toward $1 million. Mow also said Bitcoin tends to move in directions the market doesn’t expect. He argued that the traditional four-year cycle is dead and suggested BTC could hit a new all-time high sooner than many think. Despite claims that the market is in a bear phase, Mow believes Bitcoin can keep rising, challenging expectations of a long downturn.
Mow Outlines Bull Case for $10 Million BTC
Another major reason Mow thinks Bitcoin could reach $1 million is its potential to become the world’s reserve asset. As demand from institutions grows and more countries adopt the cryptocurrency, he expects BTC’s price to keep rising over time.
He has also predicted that Bitcoin could eventually surge to $10 million per coin. Such a massive gain would represent a 900% increase from $1 million and an overall gain of more than 13,200% from its current price.
Featured image created with Dall.E, chart from Tradingview.com
Frequently Asked Questions
Here is a list of FAQs based on Samson Mows prediction that Bitcoin will reach 1 million
BeginnerLevel Questions
Q Who is Samson Mow and why should I care about his prediction
A Samson Mow is a wellknown Bitcoin advocate and former Chief Strategy Officer at Blockstream Hes known for being extremely bullish on Bitcoin so his predictions get a lot of attention in the crypto community
Q Did Samson Mow say Bitcoin will hit 1 million this year
A Not exactly He often talks about a hyperbitcoinization event where Bitcoins price skyrockets He has suggested it could happen within a few years but he doesnt give a specific date He emphasizes its a longterm target
Q Why does he think Bitcoin can reach 1 million
A He believes that as more countries and large companies adopt Bitcoin demand will explode while supply is fixed at 21 million coins He calls this a supply shock that drives the price up massively
Q Is 1 million per Bitcoin realistic
A Its a very optimistic prediction For it to happen Bitcoin would need to become a global reserve asset or see massive institutional adoption Many experts think its possible in the long term but its not guaranteed
Q If Bitcoin hits 1 million what would that mean for a regular person who owns 01 Bitcoin
A If you own 01 Bitcoin and it hits 1 million your investment would be worth 100000 Thats a huge return if you bought it at a lower price
Intermediate Advanced Questions
Q What does Samson Mow mean by hyperbitcoinization
A Hyperbitcoinization is a theoretical scenario where Bitcoin rapidly replaces fiat currencies as the worlds primary money He thinks this could trigger a massive price spike as everyone rushes to buy Bitcoin at once
Q How does his prediction compare to other Bitcoin price models like StocktoFlow