If you needed a reminder that Bitcoin maximalists think big, Samson Mow’s new tweet is for you.
“Everything is trending to zero against #Bitcoin. Don’t ever forget that,” Samson Mow, CEO of JAN3 and a long-time Bitcoin advocate, posted.
This proves his belief that Bitcoin is not just another asset and is the benchmark that will make almost everything else look weak in comparison.
For Mow, $1 million per Bitcoin is a real target grounded in scarcity, adoption, and Bitcoin’s unique position in the global financial system.
The phrase might sound extreme, but here’s the logic: when measured in Bitcoin, other assets lose value over time.
Gold can be mined. Stocks can be diluted. Real estate can be developed endlessly. Fiat currencies? They can be printed.
But Bitcoin is capped at 21 million coins, with more than 19 million already mined. That fixed supply makes it scarce in a way no other asset is. Every Bitcoin that moves into adoption or institutional hands becomes harder to get, increasing its long-term value.
Mow isn’t alone. Max Keiser, Bitcoin maximalist and adviser to El Salvador’s president, has long argued for Bitcoin’s dominance. El Salvador itself made BTC legal tender in 2021, showing governments can embrace it.
Corporations are joining the rush too. Several companies are following Michael Saylor’s playbook – issuing securities to buy BTC. Spot Bitcoin ETFs have also been steadily accumulating since January 2024, signaling institutional confidence.
Here’s why Mow and other maximalists see Bitcoin as unstoppable:
This week, Bitcoin hit a local peak of $122,300 but fell back to around $120,056, even after US CPI data came in at 2.7%, lower than expected. The Fed may consider rate cuts later this year, but Bitcoin’s short-term pullbacks haven’t shaken the long-term thesis.
If history and fundamentals hold, $1 million per coin might just be the next chapter.
While energy-intensive, Bitcoin’s PoW actually reinforces scarcity – each mined BTC represents real-world energy expenditure, unlike fiat creation which has near-zero marginal cost.
Each 4-year halving reduces new supply by 50% – the 2028 halving will mint just 1.56 BTC/block, accelerating scarcity as institutional demand grows.
Fidelity’s 401(k) Bitcoin options now cover 23M employees, creating structural demand that could absorb 3+ years of mining supply annually at current allocation rates.
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