According to Jan3 founder Samson Mow, an increasing number of countries are gearing up to enhance Bitcoin adoption after overcoming initial doubts.
“I believe we’re at the end of the gradual phase and on the cusp of sudden changes,” Mow remarked during his conversation with Danny Knowles on the What Bitcoin Did podcast published on YouTube Saturday.
“These transformations can occur very swiftly,” he noted, referring to the likelihood of more nations implementing a Strategic Bitcoin (BTC) Reserve. “It’s a case of gradually then suddenly,” he added:
“I believe it’s just a matter of time before we witness a significant increase, leading to a notable nation-state FOMO, you know, panic.”
Mow highlighted that while former US President Donald Trump has executed an order to create a Strategic Bitcoin Reserve, the US has yet to commence purchases.
US is “advancing” with Bitcoin strategy
However, he pointed out that the country is “advancing” with budget-neutral Bitcoin acquisition and the Bitcoin Act.
Alex Thorn, head of firmwide research at Galaxy Digital, recently indicated a strong probability that the US government will establish the long-awaited Strategic Bitcoin Reserve by year’s end.
While the US still leads all governments in total Bitcoin holdings, Mow informed Cointelegraph Magazine in June that the US “must start” acquiring Bitcoin this year.
“The danger is that the US is outpaced by Pakistan,” he cautioned. As of publication, the US government possesses 198,012 Bitcoin, according to Bitbo data.
Mow anticipates notable Bitcoin developments from Latin America, which he views as a key area for growth.
The topic of nation-state Bitcoin adoption has garnered significant attention in the crypto sector this year.
Fidelity Digital Assets noted in a research paper from January that it expects “more nation-states, central banks, sovereign wealth funds, and government treasuries will seek to establish strategic positions in Bitcoin.”
Bitcoin’s price has not yet experienced a “significant surge”
In the meantime, Mow highlighted that Bitcoin’s price has not unfolded in the manner many market participants anticipated for 2025.
“We should have already had a bull run,” he asserted, “a significant surge.”
“I think this cycle, if we can call it that, is delayed; it may extend into next year,” he added. Other market participants have voiced similar thoughts recently. On July 26, Bitwise chief investment officer Matt Hougan mentioned, “I predict 2026 will be a growth year.”
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“Overall, I anticipate positive developments over the coming years,” Hougan noted. Bitcoin is trading at $109,400 at the time of publication, down 1.97% in the past 30 days, according to CoinMarketCap.
Comments from Mow and Hougan arise amid ongoing discussions within the industry regarding the relevance of Bitcoin’s conventional four-year cycle given the introduction of ETFs and increased institutional demand.
Only in June did Mow state that the $1 million Bitcoin price point “is inevitable at this stage, maybe this year, maybe next year.”
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