Bitcoin News Today: Bitcoin Eyes $1M As Institutional Demand and Scarcity Drive Long-Term Bull Case

Bitcoin’s recent market fluctuations have not deterred Samson Mow, CEO of JAN3, from maintaining a strong bullish outlook on the cryptocurrency. Despite Bitcoin’s price falling to around $119,300 as of mid-August 2025, down $122,000 from earlier in the week, Mow continues to forecast a future where Bitcoin reaches $1 million per coin. He argues that Bitcoin’s value is fundamentally driven by its limited supply of 21 million coins and its growing adoption as a store of value and decentralized financial asset [3].

Mow emphasizes the economic potential of Bitcoin, describing it as a digital asset that will inevitably outperform traditional assets over time. With over 19 million coins already mined and only 2 million remaining, the scarcity of Bitcoin enhances its long-term value proposition. Additionally, the increasing accumulation of Bitcoin by corporations, driven in part by the rise of spot ETFs, further supports its market dominance [1].

The broader cryptocurrency market has also seen significant shifts. Altcoins have seen their open interest rise to record levels, while Bitcoin’s market share has dipped slightly to 59% from 65% in the previous two months. Despite this, Bitcoin remains a key benchmark for the market, with its price currently hovering near the critical $120,000 level. Analysts suggest that a sustained close above this level could signal the beginning of a new bull run, potentially pushing Bitcoin toward its all-time high of $123,218 and beyond [1].

Ethereum has also played a role in shaping the market narrative. With $152.72 million in recent futures liquidations and many ETH holders in profit, there is speculation that capital could eventually flow back into Bitcoin as Ethereum faces resistance at $4,500. Mow acknowledges that while Ethereum's short-term momentum is strong, long-term capital is more likely to gravitate back toward Bitcoin as a more stable and dominant asset [2].

Institutional interest in Bitcoin continues to grow. Harvard University, for example, made a significant purchase of $116 million worth of Bitcoin at $116,000 in 2025, reinforcing confidence in the asset’s long-term value and adoption [6]. Meanwhile, Bitcoin ETFs remain a contentious but influential force in the market, drawing both inflows and regulatory scrutiny. Despite these challenges, the ETFs have contributed to increased institutional participation and validation of Bitcoin as a legitimate investment asset [5].

Mow’s bullish stance is tempered by awareness of short-term volatility. Bitcoin has struggled to break above $120,000 in recent sessions, and its price movement has not always aligned with favorable macroeconomic indicators. However, he views these fluctuations as part of a broader upward trend. His confidence is rooted in the idea that Bitcoin will continue to attract capital as it gains more acceptance and integrates further into the global financial system [4].

Overall, the cryptocurrency market remains in a state of transition, with Bitcoin at the center of investor attention. While immediate price action is uncertain, the long-term narrative of Bitcoin’s value continues to gain momentum. As market participants watch for signs of a sustained breakout, Mow’s vision of a future where Bitcoin reaches unprecedented heights remains a defining theme in the ongoing evolution of digital assets.

Source: [1] Altcoins open interest surges to new all-time high amid declining Bitcoin volatility (https://www.fxstreet.com/cryptocurrencies/news/altcoins-open-interest-surges-to-new-all-time-high-amid-declining-bitcoin-volatility-202508130150)

[2] Cryptocurrencies Price Prediction: Bitcoin, Fartcoin & Ethereum (https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-bitcoin-fartcoin-ethereum-asian-wrap-14-august-202508130454)

[3] Ethereum Surge Sparks Debate Over Capital Rotation Back to Bitcoin (https://www.binance.com/en/square/post/08-11-2025-ethereum-news-ethereum-surge-sparks-debate-over-capital-rotation-back-to-bitcoin-28169498319074)

[4] 97 Percent of Ethereum Addresses in Profit Amid Bullish Momentum (https://www.ainvest.com/news/ethereum-news-today-97-percent-ethereum-addresses-profit-bullish-momentum-historical-correction-risks-2508/)

[5] Michaël van de Poppe sees more upside but is concerned (https://www.ainvest.com/news/micha-van-de-poppe-sees-upside-concerned-potential-downward-momentum-3-600-3-800-2508/)

[6] Harvard buys bitcoin after predicting low price (https://www.facebook.com/groups/1042606856115567/posts/2549082425467995/)