An increasing number of countries are moving beyond initial skepticism to enhance Bitcoin adoption, a shift highlighted by Jan3 founder Samson Mow in a recent podcast. Mow discussed the current landscape on the “What Bitcoin Did” podcast, suggesting that the world is transitioning from a gradual acceptance of Bitcoin to a more rapid embrace. “These things happen very quickly,” Mow noted, referencing the potential for more nations to establish a Strategic Bitcoin (BTC) Reserve. He described the phenomenon as moving from “gradually” to “suddenly,” emphasizing that it is only a matter of time before countries experience significant demand for Bitcoin.
While the U.S. is presently leading in overall Bitcoin holdings, with approximately 198,012 BTC, Mow pointed out that the country has yet to begin purchasing Bitcoin as part of its strategy despite President Donald Trump’s signing of an executive order to create a Strategic Bitcoin Reserve. However, he mentioned that the U.S. government is actively “pushing forward” with plans for budget-neutral Bitcoin acquisition and the Bitcoin Act.
Alex Thorn, head of firmwide research at Galaxy Digital, has indicated that there is a strong possibility the U.S. will establish the Strategic Bitcoin Reserve by the end of the year. Mow previously expressed concerns that if the U.S. falls behind in Bitcoin acquisition, it risks being outpaced by other countries, such as Pakistan.
Regional movements are also significant, with Mow expressing optimism about the Latin American region as a hotspot for Bitcoin adoption. The ongoing discussions about nation-state adoption of Bitcoin have gained traction, with Fidelity Digital Assets projecting that more countries, central banks, and other official entities will seek to solidify their positions in Bitcoin.
Despite these optimistic forecasts, Mow acknowledged that Bitcoin’s market performance has not aligned with many participants’ expectations for significant price increases by 2025. He noted that Bitcoin’s current trading value is $109,400, and commented on the delayed nature of this market cycle, suggesting that the anticipated bull run may extend into next year. This sentiment of a future bullish market was echoed by others in the sector, including Bitwise’s chief investment officer, who predicts a strong market in 2026.
The crypto industry is actively engaging in discussions about whether Bitcoin’s traditional four-year cycle remains relevant in the context of growing institutional demand and developments like ETFs. Mow previously remarked that the prospect of Bitcoin reaching a price tag of $1 million is highly likely, possibly within the next few years.
