Bitcoin Maximalist Predicts $1M by 2025

Samson Mow, a prominent Bitcoin maximalist and CEO of Jan3, has made a bold prediction that Bitcoin (BTC) could reach a price of $1 million by 2025. Mow, who is known for his bullish stance on Bitcoin, believes that the cryptocurrency's current prices significantly undervalue it, given the unprecedented demand from institutional players, nation-states, and retail investors.

In a recent interview on the Simply Bitcoin channel, Mow expressed his confidence in Bitcoin's potential to surge to new heights. When asked about his $1 million price target, Mow replied, "My guess is it’s going to be this year. Bitcoin has surged 17x before. There is no upper bound to Bitcoin." He dismissed notions of diminishing returns, likening Bitcoin's potential rise to a "step change" akin to the collapse of the German Mark, where a currency's value can vanish abruptly.

Mow also discussed the concept of "omega candles," which refers to a single daily candlestick on Bitcoin's price chart representing a $100,000 increase. He claimed that this phenomenon is already occurring in trading pairs like the Egyptian pound and Turkish lira against BTC and will soon hit the U.S. dollar pair. Mow attributed this explosive growth to factors such as MicroStrategy's relentless buying, Bitcoin exchange-traded funds (ETFs), and potential U.S. strategic reserves.

Mow acknowledged that Bitcoin's current price stagnation is due to various market factors, including altcoin corrections and the 2 million BTC held on exchanges for trading and arbitrage. He previously described Bitcoin's price action as "artificially suppressed," pointing to its unusually narrow range since December 18, 2024. Mow attributed this to strong ETF inflows and MicroStrategy's aggressive accumulation, as well as past sell-offs from bankruptcies and restructurings, including the defunct FTX exchange.

However, Mow emphasized that these obstacles are temporary, and Bitcoin's scarcity, capped at 21 million coins, will continue to attract investors, buoying the price. Mow is not alone in his optimistic projections. Cathie Wood, CEO of ARK Investment Management, has reiterated her belief that Bitcoin could eventually achieve the $1 million mark as more institutional investors recognize its value. Venture capitalist Chamath Palihap