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Samson Mow, a Bitcoin expert and the Chief Executive Officer (CEO) of JAN3, a BTC-focused infrastructure firm, has shared a striking take on the current valuation of the flagship cryptocurrency. According to Mow, Bitcoin is still far from its full potentialand, in his view, should already be priced at $10 million per coin. Why Bitcoin Is Not Worth $10 Million Yet
In a recent poston X (formerly Twitter), Mow stated, “If the world understood Bitcoin, we would be at $10 million a coin now.” This comment reflects his belief that Bitcoin’s true value is heavily undervalued and underestimated. Related Reading Bitcoin Expert Samson Mow Reveals Why BTC Is Not Trading At $10 Million Per Coin Already 55 minutes ago
For Mow, BTC is more than just a coin to trade; it is a revolutionary asset that could shake up the foundations of the current financial system. With its capped supply, decentralized nature, and consistently growing value, many even believe that BTC has the potential to act as a global reserve currency.
Yet despite growing adoptionand visibility, Mow argues that most people in the world, including institutions, policymakers, and retailers, still do not fully comprehend Bitcoin and its implications. According to the JAN3 CEO, this knowledge gap is what is holding Bitcoin back from achieving the massive price surgethat he and many other long-term advocates anticipate.
While the $10 million mark remains speculative for now, Mow’s remarks reflect a wider sentiment among Bitcoin enthusiastswho see the current price as just the beginning. For example, top Bitcoin supporters and investors like Michael J. Saylor, the founder of MicroStrategy, have shared similar views, predicting an explosive rise in Bitcoin’s value to $10 millionby 2035.
Likewise, Matt Hougan, Bitwise’s Chief Investment Officer (CIO), has voiced strong confidence in Bitcoin reaching the $1 million mark. He believesthis milestone could realistically be achieved within the next five years. Demand For BTC Surges Among Institutions And The Wealthy
With the growing belief that the Bitcoin price will only continue to rise in the long term, social media reports indicate a significant surge in interest and demand among financial institutions and the wealthy. Notably, Saylor, one of the biggest advocates for Bitcoin, has long been accumulatingthe cryptocurrency in hundreds of thousands. Related Reading Is The Bitcoin Rally Over After $111,900 ATH? Global M2 Money Supply Is Still Going 2 days ago
Donald Trump, the United States (US) President, has also been a public supporter of Bitcoin, with reportsrevealing that he is actively buying the flagship cryptocurrency. Even investing legend and hedge fund manager Hugh Henry disclosedearlier this month that he intends to sell his $35 million house to buy $10 million worth of Bitcoin.
Binance CEO Richard Teng also announcedthat the wealthy are showing significant interest in the leading cryptocurrency. He revealed that sovereign funds and high-net-worth individuals are now purchasing BTClike never before. This growing accumulation by institutions and the rich signals strong confidence in BTC’s long-term value and sustainability. BTC trading at $108,674 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com