Bitcoin (BTC) Price Action Not Entirely Natural, May Indicate Artificial Suppression: Samson Mow

In a recent panel discussion at Consensus Hong Kong 2025, Samson Mow, CEO of Jan3 and prominent Bitcoin developer, expressed concerns over Bitcoin's

Samson Mow, the CEO of Jan3 and a prominent Bitcoin developer, has expressed concerns over the coin’s current price behavior, suggesting it appears ‘manufactured’ and possibly subject to artificial suppression.

This outlook comes amidst Bitcoin’s price being held below the $100,000 mark, which has left many crypto investors with waning bullish momentum.

However, institutional interest in Bitcoin has been at an all-time high this cycle, with record-breaking inflows into Spot Bitcoin ETFs and even direct purchases from the El Salvador government. There have also been rumors of plans being put in place to create a Bitcoin reserve in the US, which is normally supposed to keep the BTC price moving upward due to anticipation.

Despite this wave of institutional accumulation, Bitcoin’s price action has defied bullish expectations.

Over the past three months, BTC has been locked in a relatively narrow trading range, struggling to break through the psychological barrier at $100,000. The majority of this period has seen the asset fluctuating below this level, frustrating bulls who anticipated a sustained breakout. A brief surge to an all-time high of $108,786 occurred on January 20 after U.S. President Donald Trump’s inauguration, but the price quickly reverted to its previous range.

Now, Mow has pointed out what many in the crypto community have begun to suspect: that this persistent sideways movement, despite sustained institutional buying, may indicate that prices are being artificially suppressed.

“You’ve got retail buyers who are dollar-cost averaging and buying, and because the price is set at the margin, so that means somebody has to be selling,” Mow said at a recent panel discussion at Consensus Hong Kong 2025.

“So who is selling their Bitcoin at $90,000 when everybody else wants to buy more? You can figure it out yourself.”

The bitcoin maximalist went on to express optimism over the institutional buying pressure, which he believes will eventually lead to a massive crypto bull rally that could send BTC to $2 million per coin.

Samson Mow is a strong advocate for Bitcoin and has frequently spoken out on its behalf. In 2023, he famously stated that institutions are still not fully involved in crypto, despite the launch of Spot Bitcoin ETFs, which he believes will drive bitcoin to $1 million.

Now, Mow seems to have revised his target even higher, suggesting that BTC could surge as high as $2 million per BTC. This prediction was made on social media platform X, which came as a response to another post that highlighted the entry of major institutional players like Goldman Sachs buying BTC through the Spot Bitcoin ETFs.

At the time of writing, BTC is trading at $96,950, up by 1.7% in the past 24 hours.