Countries worldwide are significantly accelerating their Bitcoin adoption strategies, a shift that comes after years of hesitance, according to Samson Mow, CEO of Jan3. During a recent appearance on the podcast “What Bitcoin Did,” Mow emphasized that governments are transitioning from slow, cautious approaches to more aggressive and decisive actions regarding Bitcoin adoption. He remarked, “I think we’re on the tail end of gradually, and we’re at the beginning phases of suddenly,” suggesting that rapid changes in policy and attitudes are imminent.
Mow speculated that this shift may lead to a phenomenon of panic-buying among nations to secure their Bitcoin holdings and avoid being outpaced by other countries. One notable example highlighted by Mow is the United States, which has taken steps toward establishing a Strategic Bitcoin Reserve following an executive order signed by former President Donald Trump. Although the U.S. government has yet to begin acquiring Bitcoin actively, it is reportedly moving forward with a defined acquisition strategy and pushing ahead with the Bitcoin Act.
Current data shows that the U.S. government holds about 198,012 BTC. Predictions about nation-state adoption of Bitcoin have gained traction, with firms like Fidelity Digital Assets forecasting that more governments and sovereign wealth funds will start to invest in the digital currency.
Despite the optimism surrounding institutional involvement, Bitcoin’s price performance throughout 2025 has not aligned with broader expectations. Mow expressed disappointment that a significant bull run has yet to occur this year, stating, “We should have had a bull run already… like a massive run up.” He believes that the current Bitcoin market cycle remains delayed and could extend into 2026. Presently, Bitcoin’s trading value stands at approximately $109,400, reflecting a nearly 2% decline over the past month.
The traditional four-year price cycle is under scrutiny as analysts debate its relevance in a landscape increasingly influenced by exchange-traded funds, institutional investments, and governmental interest. Just three months ago, Mow suggested that Bitcoin reaching a price of $1 million was almost inevitable, but the timeline for this possibility seems to be shifting.
In a recent discussion, Galaxy Digital CEO Mike Novogratz cautioned against overly optimistic projections for Bitcoin’s future price, asserting that a surge to $1 million would likely indicate a crisis within the U.S. economy rather than a sign of robust performance in the crypto market. He argued, “I’d rather have a lower Bitcoin price in a more stable United States than the opposite,” indicating that extreme economic disruptions often drive demand for alternative assets like Bitcoin, which is often regarded as “digital gold.”
Concerns about the sustainability of corporate Bitcoin treasury strategies have also emerged, with analysts like James Check from Glassnode citing that the easier gains from these strategies may have already been exhausted as the market matures. Matthew Sigel, head of digital asset research at VanEck, has echoed these sentiments, expressing caution about the strategies employed by publicly traded firms holding Bitcoin on their balance sheets.
