Bitcoin Price Could Hit $1M Sooner Than Expected, Expert Says

Highlights:

• The crypto expert believes Bitcoin could reach $1 million faster due to U.S. pro-crypto policies.
• Trump’s crypto policies are reshaping the U.S. market as the Bitcoin reserve plan develops.
• Experts suggest nations are secretly accumulating Bitcoin while the U.S. focuses on seized assets.

Well-known Bitcoin supporter and Jan3 CEO Samson Mow has once again predicted that Bitcoin could reach $1 million faster than expected. Mow previously projected the token to reach $1 million by 2031. However, he is now shifting his stance as President Donald Trump’s executive orders are quickly transforming the US crypto landscape.

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Mow emphasized increased government support as a key factor. He stated that conditions for a price surge are aligning with the White House’s current pro-crypto and Bitcoin stance. He even referenced a White House X post endorsing the token, stating, “America will be the Bitcoin superpower of the world. The Golden Age of America has BEGUN!”

Meanwhile, an X user responded to Mow’s remarks, suggesting that the $1 million target by 2031 is conservative. Nonetheless, Mow believes the rapid pace of developments could soon push BTC’s price closer to the target.

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. 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. https://t.co/0np0k65XYs

— Samson Mow (@Excellion) March 8, 2025

Trump’s Crypto Policies Reshape the U.S. Market

The global cryptocurrency landscape is stabilizing. The U.S. is expected to adopt a more welcoming stance toward crypto businesses and Web3 entities. During the first-ever White House Crypto Summit on March 7, Trump pledged his commitment to establishing the U.S. as a global leader in cryptocurrency. 

At the end of a crypto summit at the White House, he said:

“I promised to make America the bitcoin superpower of the world and the crypto capital of the planet, and we’re taking historic action to deliver on that promise.” 

Earlier that day, Donald Trump issued an executive order to establish a strategic Bitcoin reserve along with a separate US digital asset stockpile. He emphasized their commitment to acquiring Bitcoin without using taxpayer funds and directed the US Treasury to explore budget-neutral options.

For now, the government plans to use previously seized assets, around 200,000 BTC, to help build the reserve. The White House maintains that it will hold onto its BTC holdings, aiming to position the USA as the leading Bitcoin superpower.

Also, industry leaders praised Trump for easing regulatory crackdowns, as evidenced by the SEC dropping several legal actions against major crypto firms. Coinbase Global CEO Brian Armstrong, who attended the event, stated: “President Trump really breathed life back into this industry.” He highlighted his cryptocurrency exchange’s decision to hire 1,000 people in the U.S., attributing it to the increased regulatory clarity under the new administration.

Historic day at the Whitehouse Digital Asset Summit. Thanks to @POTUS’s leadership, along with @DavidSacks, the U.S. now has a Strategic Bitcoin Reserve and emerging regulatory clarity.

This is directly translating to economic growth in the U.S. For instance, Coinbase plans to… pic.twitter.com/5ARspOgDZy

— Brian Armstrong (@brian_armstrong) March 7, 2025

Some analysts criticize the Trump administration for focusing on seized assets rather than buying more Bitcoin. Charles Edwards, founder of the Capriole Fund, argued that without active Bitcoin purchases, the strategic reserve was just a “fancy title” for existing government-held assets.

Mow Believes Nations are Secretly Accumulating Bitcoin

An X user asked Mow if he believed other nations were secretly buying Bitcoin, to which he replied, “Yes,” suggesting the U.S. might be late to the game. If other countries are indeed hoarding Bitcoin while the U.S. avoids active purchases, its chances of becoming a Bitcoin superpower seem unlikely.

Since early this month, BTC has stayed between $80,000 and $90,000 despite rising institutional demand. As adoption expands globally, especially through spot Bitcoin ETFs, more businesses and nations are embracing BTC. Experts like Samson Mow believe the U.S. stance could inspire others. Armstrong also predicted that the U.S. crypto reserve initiative will attract interest from most G20 nations. This could encourage them to establish their own digital asset reserves.

Incredible execution from the Trump administration and a historic moment for Bitcoin and crypto!

I expect many of the G20 to take notice, and eventually follow America’s leadership. https://t.co/tPdltJ6GKq

— Brian Armstrong (@brian_armstrong) March 7, 2025

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