The CEO of Bitcoin-focused tech firm JAN3, Samson Mow, is predicting that BTC will soon hit astronomical price targets, making it unaffordable for most people.
In a new interview with Anna Tutova, Samson says that governments around the world will likely start establishing Bitcoin reserves, driving its value much higher.
He notes how more countries are now seriously considering a Bitcoin reserve, including the Czech National Bank.
“So I think we’ll see more urgent adoption of Bitcoin and very quick movements like from this Czech central bank. I mean they’re putting it to a vote. It’s not ‘we’re exploring it, we’re researching it,’ but putting it to a vote. So I think things will move very quickly this year in 2025.”
He also warns that governments slow to act to adopt a Bitcoin reserve may find themselves priced out of buying the flagship crypto asset.
“[Vancouver Mayor Ken Sim] wants to add Bitcoin to Vancouver’s reserves, and his motivation is that it will set the city up for prosperity for the next 100 years. The challenge really is that he has to get the rest of the council on board and they have to run through some process to explore and research. But I think the challenge for them is the timeline: will they be able to execute a Bitcoin strategy within the next six months to a year? Because I see Bitcoin getting out of reach of most buyers in a year’s time.”
He says that Bitcoin hitting $1 million in 2025 is “definitely a possibility.”
Bitcoin is trading for $97,435 at time of writing, up 2% in the last 24 hours.
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