Could the World's Richest Man Trigger a Bitcoin Boom? Mow Forecasts Musk Will Go 'Hard' into Bitcoin

Samson Mow, founder of Jan3, has predicted that Tesla CEO and billionaire Elon Musk will make a significant move into Bitcoin in 2026. Mow shared his forecast via social media, suggesting that Musk could take a bold stance toward the cryptocurrency in the coming months according to his prediction.

Mow's claim is part of a broader set of predictions for Bitcoin, including a price target of $1.33 million by 2026. This estimate reflects a dramatic increase from the current price of roughly $90,596, as noted by CoinMarketCap.

The crypto community has been following Musk's past engagement with Bitcoin closely. Tesla, for example, suspended Bitcoin payments in May 2021 over environmental concerns and later sold 75% of its holdings in July 2022 according to reports.

Why Did Mow Make This Prediction?

Mow attributes his optimism to growing global adoption and increasing institutional interest in Bitcoin. He has stated that several countries are preparing to ramp up their Bitcoin integration, suggesting a shift in market dynamics.

Mow has also indicated that Bitcoin is on the cusp of a transformative phase, with adoption patterns evolving from a slow, steady buildup to a more rapid adoption curve according to his analysis.

How Do Analysts View These Predictions?

Not all industry leaders share Mow's bullish outlook. Bitwise CIO Matt Hougan has expressed a more moderate view, suggesting a long-term upward trend in Bitcoin's price but not expecting extraordinary gains in the near term.

Mow has previously made bold price forecasts, including a $1 million target for 2025 or 2026. When asked about the accuracy of his 2025 predictions, he responded with a focus on forward-looking analysis rather than past performance according to reports.

What Are Investors Watching Next?

Market participants are closely following any potential move by Musk, as his influence could affect both sentiment and trading volume. Analysts suggest that while Musk's actions could amplify market interest, the fundamental trajectory of Bitcoin may remain unchanged unless he commits substantial capital according to analysis.

Musk's relationship with Bitcoin has been complex, oscillating between support and criticism. His past decisions, such as Tesla's withdrawal from Bitcoin transactions, underscore the importance of understanding his long-term strategy before interpreting his potential future actions according to reports.

The market is also watching for signals from other large players. For example, BitFuFu Inc (FUFU) has demonstrated strong performance in the cryptocurrency space, reporting its highest revenue quarter in Q3 2025.

Investors are also evaluating how global political and economic shifts, such as the recent U.S. involvement in Venezuela, might influence Bitcoin's adoption and performance according to analysis.

As of now, Bitcoin appears to be in a phase of consolidation, with Mow's predictions sparking increased speculation and discussion among investors and traders according to reports.