Market Experts Predict Bitcoin to Reach $100 Million as U.S. Dollars Finally Revalue to Satoshi Nakamoto

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Market Expert Predicts Bitcoin to Hit $100 Million as Dollar Finally Reprices to Sunni
Market Expert Predicts Bitcoin to Hit $100 Million as Dollar Finally Reprices to Sunni
November 13, 2024


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Asian Bitcoin advocate and JAN3 CEO Samson Mow has made an ambitious Bitcoin prediction, predicting that the leading asset will soon reach seven figures.
Mow claims that Bitcoin will soon enter a phase of exponential growth, predicting that the valuation of each Bitcoin will surge to millions of dollars. The JAN3 CEO, who has been dubbed Asia’s Michael Saylor, based his lofty Bitcoin prediction on the macroeconomic environment and growing U.S. debt.
In an interview, Mow noted that the U.S. debt has reached crazy levels, putting the economy at risk of collapse. Data shows that the total public debt of the United States has reached 35.95 trillion US dollars.
The market expert mentioned that these debts are unsustainable. As a result, he believes there will be a "debt amnesty" or the U.S. will have to revalue its dollar into a more solid asset. Mow claimed that he believes the U.S. dollar will be repriced to 1 Sunnah.
Bitcoin will rise to $100 million based on repricing
The JAN3 CEO insisted that the United States must take decisive action on its growing debt. He said this will happen because the United States cannot pay these debts because its economic size (GDP) is already unsustainable.
Therefore, Mow believes that the US government will re-price 1 USD to 1 Sat (SAT). Currently, 1 Sunnah is trading at $0.000876. Repricing the dollar to the value of 1 Sunnah would drive Bitcoin to a value of $100 million.
Notably, Mow argued that repricing will eventually happen, noting that it’s just a matter of when the U.S. takes action. “It’s inevitable that we’ll re-price to bitcoin,” he added, noting that 1 dollar to 1 sunnah is a “fair repricing plan.”
Mow's short-term proposition
Meanwhile, JAN3 CEO said Bitcoin is heading towards $1 million per coin. He maintains that Bitcoin is severely undervalued at its current price and looks forward to its massive exponential growth.
However, Mow noted that the leading asset will be trading at $100,000 before the end of the year. He said Bitcoin should have reached this price mark but was still limited by the impact of the FTX collapse and Grayscale sales.
Notably, the prominent Bitcoin advocate cited reasons for his six-figure forecast, including growing demand from spot exchange-traded funds. JAN3’s CEO insists that traction from U.S. bitcoin investment vehicles will push bitcoin past $100,000 before the end of next month.

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