Mow's comments come on the heels of a crypto summit held by the White House on March 7, 2025, which focused on cryptocurrency initiatives and showcased President Trump's pro-crypto stance.

At this summit, Trump expressed his commitment to making the U.S. a global leader in cryptocurrency, signaling a shift away from previous regulatory crackdowns.

The growing interest from conventional financial institutions is providing additional liquidity to the market, further bolstering Mow's optimistic prediction.

The rise of spot Bitcoin exchange-traded funds (ETFs) is making Bitcoin more accessible to a wider range of investors, with billions already invested, driving demand and participation.

Mow founded JAN3 in 2022 with initial funding of approximately $21 million, aiming to promote Bitcoin and its applications on a nation-state level.

He emphasizes that Bitcoin's limited supply, capped at 21 million coins, will amplify price increases as demand grows.

Samson Mow, CEO of JAN3, has revised his prediction for Bitcoin, stating it could reach $1 million much sooner than his previous estimate of 2031, citing increased government support, particularly from the White House.

Mow highlighted the significance of a White House tweet declaring America as the future Bitcoin superpower, which he believes will act as a catalyst for faster adoption.

Despite Mow's confidence, the International Monetary Fund (IMF) and other global financial institutions have raised concerns regarding El Salvador's Bitcoin approach, citing risks to financial stability.

Some analysts express skepticism regarding the feasibility of a rapid price surge, pointing to Bitcoin's historical volatility and dependence on market cycles.

Mow attributes the potential surge in Bitcoin's value to increasing government support and growing institutional interest, which is expected to bring more liquidity into the market.

As of March 10, 2025, Bitcoin is trading at $83,267, reflecting a 3.1% decline in the daily timeframe and a 9.0% decline over the week.