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Samson Mow: ‘Everything Will Be Denominated in Bitcoin’ As Fiat Currencies Die

Last Updated March 13, 2024 11:37 AM
Andrew Kamsky
Last Updated March 13, 2024 11:37 AM

During the Bitcoin Atlantis conference, in Madeira, over 01-03 March, CCN writer Andrew Kamsky had an eye-opening conversation with Samson Mow, a key figure in the Bitcoin industry and a visionary behind the company JAN3. 

Mow’s work is focused on facilitating the transition towards global hyperbitcoinization, which he sees as inevitable. Hyperbitcoinization is the theoretical scenario where Bitcoin overtakes global finance, becoming the dominant form of money and significantly devaluing fiat currencies in the process.

Through JAN3, Mow aims to assist nations in creating financial instruments that capitalize on Bitcoin to foster economic development and sustainable debt management.

Bitcoin Volcano Bonds, a concept created by Mow, are innovative financial instruments designed to fund El Salvador’s geothermal energy-powered Bitcoin mining projects, leveraging the country’s volcanic energy to strengthen its economy and Bitcoin’s global position. 

In a CCN interview, Mow discussed the potential widespread adoption of a Bitcoin Standard, sharing insights from his unexpected journey into Bitcoin’s quick ascent to being the safest asset in the world. He envisions a future where “everything will be denominated in Bitcoin” due to the eventual demise of fiat currencies. 

Mow predicts that “hyperbitcoinization will occur within a few years, a much faster timeline than initially expected by early Bitcoin enthusiasts.”

At the heart of Mow’s mission is a call to action for countries to start considering how they can peacefully begin the procedure to adopt a Bitcoin Standard, a campaign he champions through his work with JAN3. Mow is not merely an advocate for Bitcoin, he is a strategist and innovator, working to bridge the gap between the cryptocurrency’s technological promise and its practical application. 

Mow Explains “Bitcoin Is The Safest Asset On The Planet”

Mow articulated a reasonable vision for the future of global finance, explaining why a world where fiat currencies are destined to become obsolete, and why Bitcoin is the solution as the universal standard for value exchange. 

Mow explains that “Bitcoin is the safest asset on the planet” and that it’s an “incredibly asymmetric bet” that will inevitably reach millions of dollars per coin. This is based on his view of Bitcoin’s superior attributes compared to traditional fiat currencies and even gold.

Mow believes that the inherent weaknesses of fiat currencies, compounded by unsustainable debt levels and the inefficiencies of the current financial system, will lead to its inevitable downfall. 

“The fiat system is failing,” Mow claims, highlighting the dangerous position of currencies pegged to the U.S. dollar and the massive debt burdens shouldered by nations. This systemic vulnerability, according to Mow, paves the way for Bitcoin to emerge as a more stable, secure, and efficient form of money.

Hyperbitcoinization: “I think It’s Going To Happen Very, Very Quickly” Elaborated Mow

The transition to Bitcoin, as Mow predicts, will be accelerated by the phenomenon of hyperbitcoinization, a rapid, global shift to Bitcoin as countries recognize its superiority as a store of value and medium of exchange. 

“I think it’s going to happen very, very quickly,” he states, suggesting that the momentum behind Bitcoin’s adoption will force nations to adopt it or risk economic marginalization. Mow pictures a future where “everything is priced in Bitcoin or sats,” marking a fundamental redefinition of how value is measured and exchanged in the global economy.

When asked which countries are next in line for the Bitcoin Standard, Mow explained that the likelihood is regions like Latin America, where the demand for stable, reliable currency is high. Mow explained how Aqua  represents a leap towards making Bitcoin a universally accessible and usable form of money.

“The key thing for a Bitcoin bond is that it allows countries in developing markets to get out of debt. To get out of the IMF stranglehold” explains Mow

Unsustainable Debt Cycle: “The U.S. Is In A Massive Amount Of Debt With 34 Trillion Dollars” Explains Mow And Increasing by $250 Billion Quarterly

Mow specifically points to the amount of debt held by the United States as a prime example of this unsustainability. Mow explains, “The U.S. is in a massive amount of debt. 34 trillion dollars now? A quarter of a trillion dollars every quarter?” highlighting the unstable financial situation that underpins the fiat system, emphasizing the accumulation of debt without a feasible plan for repayment.

Federal Debt: Total Public Debt
Federal Debt: Total Public Debt

Mow argues that this cycle of debt accumulation and the reliance on continuous borrowing are fundamental flaws of the fiat currency system. The practice of accruing such monumental debt, coupled with the regular addition of a quarter of a trillion dollars every quarter, showcases a system that is not only unsustainable but also on the brink of collapse, which can ultimately be seen in BTCs price breaking to new All-time-highs in every single currency on the planet. 

According to Mow, the current trajectory of fiat currencies, especially the U.S. dollar which serves as the world’s primary reserve currency, is unsustainable in the long term.

“This unsustainable debt model, Mow suggests, is a key factor that will drive the transition away from fiat currencies towards Bitcoin.” 

Bitcoin vs. Fiat: Mow Believes Country Politicians Will Experience FOMO Because “Bitcoin Will Outperform Any Other Assets”

Mow’s forecast for the demise of fiat and the ascendancy of Bitcoin is not just a prediction but a call to action for countries to prepare for a future where Bitcoin is at the heart of financial systems. 

Mow anticipates a scenario where countries experience FOMO (fear of missing out) and start buying Bitcoin to replace gold reserves, potentially leading to a sequence of nations adopting Bitcoin as a standard in a short amount of time. “I believe you’re going to see nation-state FOMO and countries buying it to replace gold reserves, maybe selling gold to buy Bitcoin.”

Mow’s work, particularly with initiatives like JAN3, aims to facilitate this transition for countries, ensuring that nations can leverage Bitcoin to achieve greater economic sovereignty and stability. As Bitcoin continues to gain traction, Mow’s JAN3  offers a bold blueprint for countries looking for a new financial monetary system, where Bitcoin is the standard, and fiat currencies are a relic of the past.

Mow’s perspective on the inevitable rise of Bitcoin is shown in his assertion that “Bitcoin will outperform any other assets.” Mow foresees a future where Bitcoin transcends its current status as digital gold to become the champion of a new financial order in a somewhat quicker-than-expected transition, which Mow suggests, will take only a “few years“.

JAN3 And Volcano Bonds: Mow’s Strategic Push For National Bitcoin Adoption

“So JAN3 was created to accelerate hyperbitcoinization or Bitcoin adoption,” Mow explains, underscoring his commitment to driving Bitcoin’s integration into global economies. Mow’s efforts extend beyond advocacy, focusing on the development of technologies and strategies that facilitate the adoption of Bitcoin at a national level. 

One powerful case study is Mow’s work in El Salvador, where he pioneered and created initiatives like the Volcano Bonds for El Salvador, showcasing his strategic approach to leveraging Bitcoin for economic empowerment and sustainability globally. 

The bond, comprising 50% Bitcoin holdings and 50%, created by Mow, is an investment in revenue-generating activities that offers both traditional returns and benefits from Bitcoin’s appreciation. 

Aqua Wallet: “The Goal Is To Get The Next Billion People Into Bitcoin Through Aqua” Explains Mow

Central to Mow’s strategy is the Aqua wallet, a cutting-edge solution designed to facilitate Bitcoin and layer-2 transactions. Layer 2 transactions are off-chain operations that enhance Bitcoin’s scalability by handling transactions outside the main blockchain, enabling faster and cheaper transactions. Aqua will serve as a non-custodial wallet that will be easy-to-use and be on boarded by billions of people. 

This initiative is aimed at simplifying Bitcoin transactions for everyday use, thereby making Bitcoin more accessible to a broader audience. Mow elaborated on its purpose, “We have the Aqua wallet that we just launched, which is a Bitcoin and layer 2 wallet… The goal is to get the next billion people into Bitcoin through Aqua.”

Bitcoin’s Growth: “It’s A Good Thing The Blocksize Is Out Of The Way,” Mow Remarked

When asked about the scaling debate back in 2017, Mow explained that it was a big moment in Bitcoin’s history and Mow expressed his satisfaction with the decision not to increase the block size, considering that it was the right approach in hindsight. 

Mow believes that increasing the block size could have been a significant mistake and this is why he advocated not to increase back in 2017. “Exactly, so it was a correct decision not to increase the block size. Yeah, I would say so. That could have been a very big mistake, I believe. And in hindsight, it’s good that we got it out of the way. And I’ve been saying that throughout the years in some interviews that if that scaling war happened now, it would be far more detrimental.”

Mow then reflected on the growth and development of Bitcoin since the scaling debate, outlining that Bitcoin’s infrastructure since the block size debate, has seen a successful adoption of layer 2 technologies. 

When asked how Bitcoin has grown in adoption since 2017, Mow stated, “I would say there’s a massive amount of growth. If you look at the state of Bitcoins infrastructure today with lightning, with liquid. We have a very robust ecosystem of different and unique ways to scale Bitcoin and if you look at it from a monetary perspective of Bitcoin and as an asset class, we have the ETFs now that have billions of dollars in AUM and I would say overall everything is very healthy. 

Mow would tell his 2017 self that “everything is happening faster” than anticipated, with accelerated timelines for significant events like nation-state attacks on Bitcoin, its adoption by countries like El Salvador, and the overall trajectory towards a $1 million Bitcoin value.

Future Of Bitcoin: Mow Explains “At this rate, 1 million is not crazy anymore. It’s inevitable”

Mow expressed a highly optimistic view on the future value of Bitcoin, suggesting a significant increase to one million dollars. He stated, “I think we’re going to see 1 million dollars of Bitcoin in the next year.” This statement reflects his confidence in Bitcoin’s accelerated adoption and its potential to rapidly increase in value. He concludes “because everything is just happening much faster than we expect it to happen. So at this rate, 1 million is not crazy anymore. It’s inevitable.”

After challenging Mow to repeat his vision for fear that it was misunderstood, Mow answered “No, you won’t [have fiat currency]. This is hyperbitcoinization. It’s just, we all use Bitcoin. Everything is priced in Bitcoin or Sats.”


Mow suggests that as Bitcoin’s market cap approaches that of gold, it will not only surpass gold but also cause gold to be demonetized, significantly diminishing gold’s value and role as a store of value in modern-day society. Mow highlighted JAN3’s proactive approach explaining that “now JAN3 is sort of the nation-state Bitcoin company. And we’re traveling around the world and meeting high-level politicians and starting these discussions.” 



While the interview provides valuable perspectives on Bitcoin adoption, JAN3 initiatives, and the potential future of fiat currencies, readers are encouraged to conduct their own research and analysis before making any financial decisions. The views expressed in the interview are solely those of Samson Mow and do not necessarily reflect the opinions of CCN or its affiliates.

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