Samson Mow predicts that Bitcoin could reach $1 million in the coming weeks to months.
He introduces the concept of "hyperbitcoinization" – Bitcoin becoming the global financial pillar as fiat currencies lose value and governments actively shift to cryptocurrency.
MAIN CONTENT
Bitcoin can spike, not just gradually increase.
Many governments have quietly used Bitcoin, like Bhutan with its super large reserves.
National bonds can be issued based on Bitcoin, opening up new markets.
What makes Samson Mow confident that Bitcoin will rise to $1 million?
Samson Mow, CEO of JAN3, supports Bitcoin and believes that Bitcoin will have a "violent and short-term explosion," pushing the price to $1 million. He bases this on the rapid and severe failure of fiat currencies as inflation undermines confidence.
"They do not fail slowly, but rather fail spectacularly."
Samson Mow, CEO JAN3, 2024
At a time when the world is heading towards economic instability, Bitcoin emerges as a safe haven due to its decentralization and limited supply, causing prices to potentially reach unprecedented levels.
Hyperbitcoinization – How have governments been involved?
According to Mow, some countries have already begun preparing for this transition. Bhutan is a real-world example as it has been mining Bitcoin since 2019 and currently holds nearly $1 trillion worth of Bitcoin.
"Countries with excess energy can utilize it to mine Bitcoin, creating reserves for economic development."
Samson Mow, CEO JAN3, 2024
Using excess energy to mine Bitcoin helps many countries control public debt and support national projects, promoting financial stability and moving towards a financial model centered around Bitcoin.
How can Bitcoin bonds change national debt?
Mow predicts that governments will issue national bonds backed by Bitcoin, opening up a new global Bitcoin bond market. This strategy has been proven effective through MicroStrategy, a company under the leadership of Michael Saylor that has successfully raised funds thanks to Bitcoin.
The adoption by countries will stimulate a surge in demand and the price of Bitcoin, pushing it to the milestone of $1 million.
How will Bitcoin develop in the future?
In the face of global economic instability, along with increasing interest from governments, Bitcoin is gradually transitioning from an investment asset to an essential part of the global financial system.
Whether the price reaches $1 million or not, the fundamental factors according to Mow have been and are setting the stage for an extraordinary growth period.
Frequently Asked Questions
How long could Bitcoin reach a price of $1 million?
Samson Mow predicts it could be in the coming weeks to months, following a sudden upward trend rather than a gradual rise.What is hyperbitcoinization?
It is the process of Bitcoin becoming the main foundation of the global financial system, replacing fiat money through government and institutional adoption.Which government has used Bitcoin as a national asset?
Bhutan has been mining Bitcoin since 2019 and currently possesses nearly $1 trillion worth of Bitcoin according to current estimates.What are Bitcoin bonds and what is their potential?
These are bonds issued based on Bitcoin as collateral, with the potential to create new markets and enhance financial stability for governments.Will Bitcoin become an essential part of the global economy?
According to Samson Mow, this is very likely to happen as more governments begin integrating Bitcoin into their reserves and issuing debt.
Source: https://tintucbitcoin.com/bitcoin-len-1-trieu-usd-trong-vai-thang/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
