Bitcoin CEO Predicts $1M Coin in 2022

Samson Mow, CEO of Jan3 and founder of Pixelmatic, has made a bold prediction that Bitcoin could reach $1 million per coin within the year. Mow believes that Bitcoin's scarcity and growing institutional interest are driving demand for the cryptocurrency, despite recent market corrections.

Bitcoin's future price has been a topic of debate among crypto enthusiasts and financial experts. While some argue that Bitcoin might face diminishing returns, Mow dismisses this idea, explaining that Bitcoin is unlike traditional assets—there's no upper bound to its potential. Mow cites the massive demand coming from institutions, nation-states, and even ordinary people, with only 21 million coins in existence, making Bitcoin's scarcity still undervalued.

Mow addressed Bitcoin's current price, around $96,000, and the debates surrounding its price fluctuations. He speculates that the recent market correction is due to overpriced altcoins like Ripple (XRP) and Solana. Mow believes that these altcoins are currently overpriced, and the market is shaking off excess speculation. He predicts that Bitcoin's dominance will increase as the market corrects itself.

Despite the recent market correction, Mow remains optimistic about Bitcoin's future. He insists that even with prices at $100K or $200K, Bitcoin is still undervalued. Mow and others are keeping their eyes on key developments, including the strategic Bitcoin reserves and the ongoing rise of Bitcoin ETFs, which are making it easier for institutional investors to get involved.