Samson Mow, the CEO of Bitcoin-centric technology firm JAN3, is forecasting that BTC will soon reach unprecedented price levels, making it out of reach for many individuals.
In a recent discussion with Anna Tutova, Mow shares his insights that governments globally are likely to begin forming Bitcoin reserves, which will significantly elevate its market value.
He highlights that several nations, including the Czech National Bank, are now seriously contemplating a Bitcoin reserve.
“I believe we’ll witness a more urgent adoption of Bitcoin and rapid movements, such as the one from this Czech central bank. They are not just exploring or researching; they are putting it to a vote. So, I think we can expect significant progress this year in 2025.”
He cautions that governments hesitant to establish a Bitcoin reserve may find themselves unable to afford the leading cryptocurrency.
“[Vancouver Mayor Ken Sim] aims to add Bitcoin to Vancouver’s reserves, believing it will pave the way for the city’s prosperity over the next century. The real challenge is getting the rest of the council on board, as they need to go through a process of exploration and research. The pressing issue for them is the timeline: will they be able to implement a Bitcoin strategy within the next six months to a year? I foresee Bitcoin becoming unattainable for most buyers within a year.”
Mow suggests that Bitcoin could reach $1 million by 2025, which is “certainly a possibility.”
Currently, Bitcoin is trading at $97,435, reflecting a 2% increase in the last 24 hours.
Stay Updated – Subscribe for email alerts straight to your inbox
Monitor Price Action
Connect with us on X, Facebook, and Telegram
Explore The Daily Hodl Mix
Disclaimer: The views expressed at The Daily Hodl are not investment advice. Investors should conduct their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Be advised that your transfers and trades are at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it serve as an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.
Generated Image: Midjourney
