**Bitcoin’s Path to $1M May Be Accelerated by Trump’s Support for Crypto, Says Jan3 CEO Samson Mow**
Samson Mow, the CEO of Jan3, has updated his forecast for Bitcoin, suggesting that the cryptocurrency could reach the $1 million mark sooner than previously anticipated. This optimistic outlook comes in light of recent supportive statements from the White House regarding digital assets. The administration of former President Donald Trump has openly endorsed Bitcoin, aiming to position the U.S. as a frontrunner in cryptocurrency innovation.
As of the latest report, Bitcoin was trading at $82,285.87, reflecting a 4.25% decline over the past 24 hours, according to ETHNews. The cryptocurrency has struggled to break through the $100,000 barrier, with market dynamics indicating shifts in investor holdings. Analysts at ETHNews note that changes in supply among both long-term and short-term holders could impact price movements. Despite the current volatility, many experts are optimistic about potential price increases in the near future.
Samson Mow shared his thoughts on social media, stating, “Since getting into #Bitcoin, I’ve consistently found that everything 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.”
Originally, Mow had projected that Bitcoin would reach $1 million by 2031, but he now believes that this timeline could be shortened due to changing U.S. policies. He emphasized on platform X that the White House’s endorsement of Bitcoin marks a significant turning point. He highlighted a post from the official White House account stating, “America will be the Bitcoin superpower of the world,” which has fueled market enthusiasm.
The White House recently held its inaugural Crypto Summit, where Trump underscored the importance of regulatory clarity and innovation in the digital asset space. This proactive stance has caught the attention of investors, many of whom see it as a foundation for institutional adoption. Mow argues that government support could significantly boost Bitcoin’s price trajectory, dubbing his revised forecast a “fast run to $1.0M” that surpasses earlier predictions.
Social media reactions to Mow’s insights have been mixed, with some users suggesting that even a $1 million target by 2031 may be too conservative for Bitcoin’s potential. Others have raised concerns that macroeconomic factors and regulatory challenges could slow down growth. Recent data from ETHNews indicates that Bitcoin’s circulating supply has become less liquid in recent weeks, suggesting increased accumulation by long-term holders—a trend that often precedes price rallies.
