Bitcoin (BTC) Could Reach $1 Million Much Sooner Than 2031, Claims Samson M.R. Mow

Bitcoin advocate Samson Mow has once again shared a bold prediction about the world's largest cryptocurrency.

Pro-Bitcoin president Donald Trump could be speeding up the cryptocurrency’s rise to $1 million, according to Jan3 CEO Samson Mow.

What Happened: Mow's prediction comes as Bitcoin has gained increasing political support, particularly in the United States. Trump’s pro-crypto position is one of the main motivators for Mow’s prediction.

The president’s actions have already indicated a shift in government policy, including executive orders encouraging the use of Bitcoin and reducing the role of the Federal Reserve. This, in turn, would open the door for large-scale institutional investment in Bitcoin, further increasing its price.

The cryptocurrency market is also seeing additional liquidity as traditional financial institutions become more involved in Bitcoin. Moreover, more governments around the world are adopting a more supportive stance towards cryptocurrencies, which aligns with Mow's prediction that the next price spike for the coin could occur much sooner than expected.

"Since getting into #Bitcoin, what I’ve consistently found is that everything always happens faster than I expect. And now we have the White House promoting #Bitcoin. That’s why my prediction is for a fast run to $1.0M. I’m front-running my own model which indicates $1.0M in 2031," Mow said.

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Another factor is the growing role of spot Bitcoin exchange-traded funds. Billions of dollars have already been poured into these ETFs, making Bitcoin more accessible to a broader range of investors. This could be a key factor in propelling the coin to $1 million, according to Mow.

Institutions are investing heavily in these ETFs, which is driving up demand for Bitcoin. Considering that the coin has a limited supply of 21 million coins, more demand will naturally increase the price of BTC.

If this trend continues, Mow believes that the $1 million per coin milestone could arrive much sooner than most people anticipate.

However, some analysts are skeptical that such a dramatic price surge can happen so quickly. Bitcoin's price is still subject to market cycles, regulatory decisions, and macroeconomic events.

The past prices of the top digital asset have varied drastically, which is to be expected given the volatile nature of crypto. It has seen steep declines even as it has enjoyed impressive price rallies. The way these various elements interact over the next few years will determine whether Mow's prediction will come to pass.

Read More: Trump’s Executive Orders Could Usher In A New Era Of Bitcoin Abundance

Trump has made several pro-crypto comments and hinted at his support for Bitcoin in particular. In December 2023, Trump said he was a "big fan" of Bitcoin and that he thought it was "going to do very well."

The president's son, Eric Trump, is also a Bitcoin supporter. In an interview earlier this year, Eric said that he was "very bullish" on Bitcoin and that he thought it could reach $1 million per coin.

"I think it's going to $1 million, no question," Eric Trump said. "It's going to take some time, but I think it's going to get there."

His comments come as Bitcoin has been on a tear this year, rising more than 100% to trade above $80,000 per coin on Thursday morning. The world's largest cryptocurrency is now just a short distance away from a new all-time high of around $83,000, which it reached in August 2023.

Bitcoin is up over 1,000% since the start of 2020, while the S&P 500 has risen about 100% over the same period.

The president's pro-crypto stance is a key factor that could speed up Bitcoin's rise to $1 million, according to Samson Mow, the CEO of Jan3.

"Since getting into #Bitcoin, what I've consistently found is that everything always happens faster than I expect," Mow said on X.

"And now we have the @WhiteHouse promoting #Bitcoin. That's why my prediction is for a fast run to $1.0M. I'm front-running my own model which indicates $1.0M in 2031."

Since getting into #Bitcoin, what I’ve consistently found is that everything always happens faster than I expect.

And now we have the @WhiteHouse promoting #Bitcoin. That’s why my prediction is for a fast run to $1.0M. I’m front-running my own model which indicates $1.0M in 2031.

— Samson Mow (@Excellion) March 8, 2025

Trump has already taken several steps to show his support for crypto, such as issuing executive orders to encourage the use of digital assets and reduce the role of