Samson Mow, CEO of BTC-focused tech firm Jan3, has staked out one of the more audacious price calls in crypto: he believes Bitcoin could ultimately reach $1 million per coin. His forecast joins similar high-end predictions from the likes of Bitwise and other market analysts, and Mow says the driver will be simple economics — supply and demand.
Where BTC stands now
- Bitcoin is trading above $75,000 after a brief rebound to roughly $79,000 that quickly gave back most gains. The market has yet to revisit the article’s cited all-time high above $126,000, but many analysts remain bullish on longer-term upside.
- Mow’s $1 million target implies a rise of more than 1,200% — roughly 13x from current levels — although he did not attach a specific timeline on a recent podcast, only suggesting such a move is ultimately inevitable.
Why Mow thinks $1 million is possible
- Supply shock thesis: Mow argues the market is mispricing BTC’s available supply. He says a significant portion of coins remain “on the sidelines” and could be sold, but large treasury buyers are steadily accumulating, shrinking the float. That reduction in liquid supply, he predicts, could create a powerful supply shock that sends prices sharply higher.
- “Omega Candle”: Mow floated the idea of an abrupt, dramatic price surge — an “Omega Candle” — that could push Bitcoin toward seven figures faster than many expect.
- Market surprise factor: He also stressed Bitcoin’s tendency to move in ways the market doesn’t anticipate, and suggested that the traditional four-year cycle framework may no longer apply, opening the door to an earlier-than-expected new all-time high.
Even bigger upside: $10 million?
- Mow went further, saying Bitcoin could someday become a global reserve asset as institutional demand and national adoption grow. Under that scenario, he has even speculated about a $10 million per coin outcome — a roughly 900% jump from $1 million and more than a 13,200% gain from today’s prices as presented in the article.
Bottom line
Mow frames his $1 million (and even $10 million) scenarios around tightening supply and rising institutional adoption, not technical timing. These are bold, long-term macro-style forecasts without a defined timetable, and they sit at the optimistic end of the market’s range of views.
Read more AI-generated news on: undefined/news
