Key Takeaways
- Bitcoin would need to rise approximately 1,257% from $73,700 to reach Samson Mow’s million-dollar milestone.
- The JAN3 CEO says an end to fiat money printing would make him bearish.
- His latest comment provides no new price target or deadline.
Bitcoin’s recent retreat has left Samson Mow’s million-dollar vision more than a thirteenfold price increase away, but the JAN3 CEO has named a different condition for abandoning his bullish outlook.
His comments on Wednesday offer a fresh explanation for his conviction as Bitcoin struggles to hold above its previous peak, mirroring the theories pushed by Arthur Hayes and other famed analysts.
Mow Has Also Put $1.33 Million Bitcoin on His 2026 List
Mow’s earlier regular forecasts have been extremely bullish about Bitcoin’s massive growth.
His predictions back in January laid out a path for Bitcoin to reach $1.33 million in 2026.
From today’s $73,700 price, reaching $1.33 million would require around 1,705% upside.
Mow has repeatedly argued that Bitcoin could accelerate toward seven figures as institutional demand absorbs the available supply.
In May, in its coverage of his $1 million thesis, CCN reported that he considered the milestone “just around the corner.”
He pointed to corporate treasury companies and spot Bitcoin ETFs as buyers capable of taking coins off the market faster than miners introduce new supply.
Mow also challenged the assumption that BTC held on exchanges was necessarily available for outright sale.
His valuation argument was similarly aggressive:
“Anything under 120,000, 110,000 I think is below fair market value,” he said.
Mow also said in March 2025 that his own model indicated $1 million Bitcoin in 2031.
However, he argued that growing political support could accelerate the move.
“That’s why my prediction is for a fast run to $1.0M,” he wrote.
Mow has previously suggested that even $1 million would be an intermediate milestone.
In an Oct. 20, 2025, X post, he wrote:
“Once Bitcoin hits $1.0M, I’ll give my next prediction of it hitting $10M in a short timeframe.”
Mow’s Bearish Trigger Leaves the Clock Open
Mow says his confidence in Bitcoin rests on the continued creation of fiat money.
“I will be bearish on Bitcoin the day they stop printing more fiat,” he wrote.
His argument is that governments can expand the supply of national currencies, while Bitcoin has a maximum supply of 21 million coins.
Mow sees that scarcity as a reason to remain bullish over the long term.
“Printing” is commonly used as shorthand for creating money, including electronically, rather than simply producing banknotes.
His comments come during a steep BTC decline.
At today’s price of $73,385, BTC is about 42% below its previous peak near $126,000.
Arthur Hayes Sees Money Printing Driving BTC to $1 Million
Arthur Hayes has made a similar argument that monetary expansion could propel Bitcoin to seven figures, although his scenario involves a financial crisis first.
As CCN reported in August, the BitMEX co-founder warned that heavy borrowing to fund AI infrastructure could eventually leave lenders facing substantial losses.
His concern centers on the cost of building data centers and buying chips that can quickly become outdated.
If those projects fail to earn enough to repay their debts, the losses could spread through the financial system.
Hayes expects governments to intervene because of AI’s economic and strategic importance, arguing that bailouts and newly created money would eventually benefit Bitcoin.
“They will always print to save the system,” Hayes wrote.
In his view, investors could direct some of that fresh liquidity toward Bitcoin, helping push its price to $1 million or higher.
Mow Says Institutional Buying Could Squeeze Bitcoin Supply
Mow has argued that buying by companies and investment funds could help push Bitcoin toward $1 million by reducing the number of coins available for sale.
As CCN reported in May, he pointed to Strategy, other Bitcoin treasury companies and spot Bitcoin ETFs as major sources of demand.
“Even the ETFs are a net buyer over time… they’re already buying a multiple of the mined supply on average,” he said.
Mow also questioned how much BTC held on exchanges was actually available for purchase, arguing that headline balances could overstate the supply that investors were willing to sell permanently.
Under his scenario, continued accumulation would leave buyers competing for fewer available coins, helping drive prices higher.
Mow’s latest comment also follows earlier criticism of bearish Bitcoin forecasts.
In December 2025, Mow fired an analyst for predicting BTC would fall to $60,000.
“I’ve fired the analyst that said Bitcoin is going to $60k,” Mow wrote.
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Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
