White House Endorsement Sparks Optimism Bitcoin advocate and JAN3 CEO Samson Mow has revised his Bitcoin price forecast, suggesting it could hit $1 million well before his original 2031 projection. His updated prediction follows unprecedented support from the White House for Bitcoin adoption. “Since getting into Bitcoin, what I’ve consistently found is that everything always happens faster than I expect. And now we have the White House promoting Bitcoin,” Mow stated. His comments were in response to a White House tweet declaring, “America will be the Bitcoin superpower of the world.” Bitcoin’s Path to $1M Accelerates Mow believes this endorsement will drive rapid Bitcoin adoption and price appreciation. “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,” he added. His remarks came shortly after the White House’s crypto summit on March 7, which signaled a potential shift in U.S. policy towards broader Bitcoin acceptance. U.S. vs. El Salvador: Bitcoin Initiatives It remains uncertain whether the Trump administration will involve JAN3 in U.S. Bitcoin initiatives to the extent it has supported Bitcoin adoption in El Salvador. The International Monetary Fund (IMF) and global financial institutions remain skeptical about El Salvador’s Bitcoin strategy, citing financial stability concerns and money laundering risks. Although JAN3 was not directly named, the regulatory climate around its operations in El Salvador remains a point of contention. Funding and Expansion Plans JAN3 continues to gain traction despite regulatory hurdles. The company raised $5 million in seed funding this January to advance AQUA Wallet, a Bitcoin wallet utilizing Layer 2 scaling solutions like the Lightning and Liquid Networks. These funds will also support JAN3’s broader nation-state Bitcoin adoption efforts. Mow founded JAN3 in 2022 with $21 million in initial financial backing, focusing on Bitcoin infrastructure and adoption at a national level. With increasing institutional and governmental interest, Bitcoin’s journey to $1M may be unfolding faster than anticipated.
