Bitcoin will reach $1m faster with D.C. support

Bitcoin Advocate and the CEO of Jan3, Samson Mow, accelerated his Bitcoin price forecast. He suggested that he could reach $ 1 million earlier than the original forecasts of his model in 2031.

Mow cites the unprecedented support of the White House for Bitcoin (BTC) as a catalyst for this new chronology.

“Since entering Bitcoin, what I have always found is that everything is always going faster than what I expect. And now, the White House promotes Bitcoin, “said Mow in response to the white house tweet that” America will be the Bitcoin superpower of the world “.

“This is why my prediction is a quick race at $ 1.0 million. I am at the top of my own model which indicates $ 1.0 million in 2031, “he added.

Mow’s comments come to the heels of the Summit of White House cryptography, which took place on March 7.

It remains to be seen whether the Trump administration will invite January 3 to be as involved in Bitcoin initiatives in the United States as with El Salvador.

Currently, the International Monetary Fund (IMF) and global financial institutions have expressed skepticism about the Bitcoin strategy of El Salvador, mainly due to the potential impacts on financial stability and the risks of money laundering.

Although Jan3 was not directly targeted, the regulatory climate surrounding his work in Salvador is not without controversy. However, Mow has the support of the president of El Salvador Nayib Bukele who plans to continue Acquire Bitcoin.

In January, Jan3 raised $ 5 million in seed funding to accelerate the development and marketing of the Aqua Wallet, a new Bitcoin portfolio taking advantage of layer 2 technologies such as lightning and liquid networks. This financing also aims to support the initiatives of the nation state of Jan3.

Mow launched on January 3, 2022 with around $ 21 million in financial support.