White House Pushes Bitcoin Adoption, JAN3 CEO Samson Mow Predicts Bitcoin Price Will Hit $1M Sooner Than Expected

This was driven by the White House's unexpected support for Bitcoin. Mow revealed that this support could push the Bitcoin price to $1000000

The White House has shown surprising support for Bitcoin, with officials stating that "America will be the Bitcoin superpower in the world." This follows a crypto summit held on March 7, which saw officials discussing how to integrate Bitcoin in American economic policy.

After the summit, the White House press secretary went on to say that they are "working on a broad set of policies to support responsible innovation in digital assets."

This support could push the Bitcoin price to $1 million sooner than expected, according to JAN3 CEO Samson Mow.

Bitcoin Price Projection by Samson Mow

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. https://t.co/0np0k65XYs

Previously, Mow had predicted that Bitcoin would reach a value of $1 million by 2031. However, with this latest development, he believes that it could happen much sooner.

"I often find that things in Bitcoin happen faster than I expected," Mow says.

This prediction is not without foundation. Mow and his company, JAN3, have actively promoted Bitcoin in various countries, including El Salvador.

Despite skepticism from global financial institutions such as the International Monetary Fund (IMF) regarding El Salvador's Bitcoin strategy, President Nayib Bukele's support for Bitcoin remains strong.

JAN3’s Role and AQUA Wallet Development

Founded by Mow in 2022 with $21 million in financial backing, JAN3 has played an active role in developing Bitcoin technology.

In January, JAN3 successfully raised $5 million to accelerate the development and marketing of AQUA Wallet, a new Bitcoin wallet that utilizes Layer 2 scale technologies such as Lightning and Liquid Networks.

The funds are also intended to support the initiatives of countries that JAN3 is helping to adopt Bitcoin. With this support, JAN3 hopes to expand the use of Bitcoin and related technologies in more countries, strengthening Bitcoin’s position as the world’s premier digital currency.

Conclusion

With increasing support from various parties, including the US government, the future of Bitcoin looks even brighter. Samson Mow’s prediction of Bitcoin reaching $1 million may no longer be wishful thinking but could become a reality in the near future.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.