Bitcoin lawyer, Samson MOW, once again shared a bold forecast about the largest cryptocurrency in the world. The General Director of Jan3 now believes that Bitcoin may arrive $ 1 million Much earlier than his previous forecast from 2031.
His reasoning? An augment in government support for cryptocurrencies, especially in the United States, can send a price faster than expected.
Government support can accelerate cryptocurrency growth
The updated forecast of MOW coincides with the growing cryptographic political support. He claims that US President Donald Pro-Crypto position of Trump He is one of the main motivators.
Trump’s actions indicated a change in government policy, including executive orders that encourage you to operate Bitcoin. MOW claims that this will open the door for significant institutional investments that will augment the BTC price even more.
The market experiences additional liquidity as a result of the growing interest of conventional financial institutions with bitcoins. In addition, more governments around the world are taking a more accommodating position Cryptocurrencieswhich confirms the forecast of MOW that the next augment in the price of the coin may occur much earlier than the estimated.
Since the entry #BitcoinI consistently discovered that everything always happens faster than I expect. And now he promotes the White House #Bitcoin. That is why my forecast applies to a quick course of up to USD 1.0 million. The start of your own model, which indicates USD 1.0 million in 2031. https://t.co/0np0k65xys
– Samson Mow (@excellion) March 8, 2025
The Bitcoin ETFS spot play a substantial role
Another key factor, which indicates the growing influence of Bitcoin Spot Funds with the stock exchange (ETFS). With billions of dollars already invested in TE ETF, Bitcoin is now more accessible to a larger group of investors. According to MOW, it can be one of the main factors driving $ 1 million.
BTC market cap currently at $1.65 trillion. Chart: TradingView.com
Institutions intensively invest in ETFs that augment the demand for bitcoins. Of course, more demand increases the price of BTC, taking into account its circumscribed number of 21 million coins. MOW believes that $ 1 million for a milestone stone may arrive much earlier than most people expect if this trend stays.
Not everyone is convinced
Despite MOW trust, some analysts remain skeptical about the extreme price augment so quickly. The price of Bitcoin is still subject to market cycles, regulatory decisions and macroeconomic events.
Earlier prices of the best digital resource were unpredictable, which is not surprising, taking into account the nature of cryptocurrencies. He witnessed dramatic declines, even because he enjoyed impressive price rallies. The way in which these few elements interact in the following years will determine whether the forecast MOW materializes.
Road to $ 1 million
The idea that Bitcoin reached $ 1 million is not up-to-date, and MOW has always remained steadfastly convinced that the flagship crypto could overcome obstacles and soon surprise. If political support is still growing and institutions still introduce money to BTC, the possibility of rapid growth cannot be ignored.
At the time of writing, BTC was Trade in 83,267 USDA drop of 3.1% and 9.0% in everyday and weekly time frames.
A distinguished picture from Gemini Imagen, chart from TradingView
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