JAN3 CEO Samson Mow believes Bitcoin is undervalued at $100,000, expressing his belief in BTC’s long-term dominance and price appreciation.
Mow shared this perspective during a recent interview, asserting that the $100,000 price point remains a bargain for Bitcoin.
According to him, Bitcoin should be trading around $200,000 given the current global economic conditions, including the failure of fiat currencies and central banks’ interventions.
🔥SAMSON MOW: #Bitcoin is undervalued at $100,000 @Excellion pic.twitter.com/YWbxcMBu4b
— Roxom TV (@RoxomTV) February 18, 2025
Bitcoin ETFs Changed Investors’ Perception About BTC
He suggested that the general perception of Bitcoin changed following the launch of BTC exchange-traded funds (ETFs).
“I believe that [Bitcoin ETFs] changed the entire game,” Mow remarked.
It bears mentioning that Bitcoin ETFs have enabled many traditional finance investors to gain exposure to BTC. Specifically, the products have seen inflows surpassing $40 billion in just over a year of launch.
No Better Alternative to Bitcoin
The CEO of JAN3 emphasized that Bitcoin remains the suitable asset of choice for investors, adding that there is ‘nowhere else to go but to BTC.’
He forecasted that this trend will continue to gain momentum, especially as the world experiences significant economic uncertainties.
In his view, traditional financial instruments, like real estate, gold, and fiat currencies, are no longer reliable stores of value. He contended that none of these assets are worth holding other than Bitcoin.
Mow backed this claim by pointing to the growing adoption of Bitcoin among corporations, particularly mentioning MicroStrategy’s (now Strategy) ongoing accumulation of BTC.
He also highlighted that nation-states are adopting Bitcoin as both a treasury asset and legal tender.
Given the growing adoption of Bitcoin by corporations and nation-states, Mow argues that BTC is on track to become the leading asset of the global financial system.
Bitcoin Has No Ceiling
Interestingly, he believes that Bitcoin has no ‘top’ or peak target, suggesting its price will continue to soar. As a result, he encouraged investors to keep buying Bitcoin at every given opportunity.
Mow remains one of the top Bitcoin proponents and has set an ambitious target of $1 million for the firstborn crypto. As previously reported, he asserted that Bitcoin will hit the target this year.
In the meantime, Bitcoin is trading at $95,422, marking a 0.92% decline in the past 24 hours. BTC has struggled to reclaim the $100,000 target since February 4 after it crashed from this level.
Meanwhile, leading brokerage firm Bernstein speculated that BTC is preparing for the next leg of the bull market. It cited potential catalysts in a strategic Bitcoin Reserve (SBR) in the U.S. and growing institutional adoption of BTC.
