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Bitcoin to $1 Million in Months? Samson Mow Reveals Shocking Scenario
In a recent interview, Samson Mow, CEO of JAN3 and a stalwart advocate for Bitcoin, has made a bold prediction that is sending shockwaves throughout the cryptocurrency community. According to Mow, it’s possible for Bitcoin to skyrocket to $1 million within just a few months. This stunning forecast relies on a rapid and drastic shift in global economic circumstances.
Mow attributes his vision of “hyperbitcoinization” to the sudden collapse of fiat currencies, leading to a widespread loss of faith in traditional currency. As people seek refuge from this chaos, they will turn to decentralized Bitcoin as their go-to choice for financial security. This influx of capital is expected to drive up demand and send Bitcoin prices soaring.
The CEO also pointed out that countries with significant energy resources are already taking steps to prepare for this impending shift. Bhutan, in particular, has been quietly accumulating a substantial stash of Bitcoin since 2019, which now reportedly stands at nearly $1 trillion. This development serves as a stark reminder that the world is on the cusp of a monumental transformation.
Furthermore, Mow envisions governments taking a proactive role in this new reality by issuing Bitcoin-backed sovereign debt instruments. This unprecedented move would essentially turn the tables on traditional fiat currency and catapult Bitcoin to uncharted territory.
One notable example he mentioned was MicroStrategy CEO Michael Saylor’s successful use of Bitcoin as collateral for funding purposes. It’s only a matter of time before countries follow suit, according to Mow. “It’s simply a matter of time before every country pulls that trigger,” he emphasized.
As the world teeters on the brink of economic uncertainty, Samson Mow’s forecast serves as a stark warning and a potential harbinger for profound change.
Source: coinpedia.org
