JAN3 CEO Samson Mow doubles down on the “Bitcoin to $1 million in 2025” call.
No sooner had Bitcoin reached $100,000 than its proponents began setting even higher price milestones. Among the sea of predictions, however, JAN3 CEO Samson Mow’s prediction that Bitcoin will hit the $1 million mark stands out.
No, not because of the price—$1 million Bitcoin price predictions are now commonplace in crypto—but because of the timeline he anticipates for the asset to hit this target. Specifically, Mow has argued that Bitcoin will hit the $1 million price point in 2025, and he is doubling down.
Samson Mow Insists on 2025 $1M Bitcoin Call
In an X post on Wednesday, January 15, JAN3 CEO Samson Mow asserted that Bitcoin would hit $1 million in 2025, doubling down on the call he first made in December 2024 in an interview with finance YouTuber Rajat Soni.
Mow’s latest statement alluding to the ambitious prediction came in response to a comparison of Bitcoin’s current price action with the 2017 bull market by market analyst “Blackwidow.” Overlaying the 2017 price action on the chart set a price target of $1 million Bitcoin per coin.
Interestingly, this belief that Bitcoin would replicate its 2017 run was the basis for Mow’s argument for Bitcoin to $1 million. He argued that if Bitcoin could pull a 20x from $1,000 to $20,000 in 2017 despite negative narratives around the impact of the asset’s mining on the environment and a lack of institutional interest, it could more easily pull it off now.
But even staunch Bitcoin advocates are not convinced.
“Absolutely No Way”
Samson Mow’s $1 million Bitcoin target for 2025 has unsurprisingly been met with significant skepticism. Responding to the prediction, “yuppie.eth” quipped, “Absolutely no way.”
Absolutely no way. Happy to be wrong on this one. https://t.co/bZbMGWjh18
— yuppie.eth (@yuppieventures) January 14, 2025
At the same time, “J. Fong” highlighted the seemingly unrealistic nature of the call by pointing out that Bitcoin has only grown by about an average of $7,000 a year since its 2021 high of $69,000.
These sentiments come as Bitcoin’s current price of about $97,000 suggests that it would take significantly more capital than in 2017 to achieve such magnitude of gains, which may be difficult to accumulate in a year.
For context, Bitcoin would likely need a market cap of $19.8 trillion to hit the $1 million mark with its current circulating supply of 19.8 million coins. At the time of writing, the asset has a market cap of only $1.92 trillion.
Mow had also previously claimed that Bitcoin will hit $1 million in 2024.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.