A growing number of nations are gearing up to enhance Bitcoin adoption as skepticism subsides, according to Samson Mow, founder of Jan3.
“I believe we’re nearing the end of a gradual phase, and entering the initial stages of a sudden shift,” Mow shared with Danny Knowles on the What Bitcoin Did podcast published on YouTube recently.
“These transitions can occur very rapidly,” he said, highlighting the likelihood of more countries implementing a Strategic Bitcoin Reserve. “It’s truly a case of gradually then suddenly,” he remarked, further adding:
“I believe it’s only a matter of time before we witness a significant surge, prompting a major nation-state FOMO, you know, panic.”
Mow underlined that while former US President Donald Trump has issued an executive order for a Strategic Bitcoin (BTC) Reserve, the US has yet to commence purchasing.
US is “pushing ahead” with Bitcoin strategy
Nonetheless, he noted that the US is “pushing ahead” with its budget-neutral Bitcoin acquisition and the Bitcoin Act.
Alex Thorn, head of firmwide research at Galaxy Digital, recently indicated a strong possibility that the US government will establish the awaited Strategic Bitcoin Reserve by year-end.
While the US currently leads all nations in Bitcoin holdings, Mow mentioned to Cointelegraph Magazine in June that the US “needs to begin” acquiring Bitcoin this year.
“The concern is that the US may be outpaced by Pakistan,” he clarified. At the time of this report, the US government held 198,012 Bitcoin, according to Bitbo data.
Mow anticipates considerable Bitcoin developments from the Latin American region, which he considers one of his most optimistic areas.
The adoption of Bitcoin by nation-states has been a prevalent topic of discussion in the crypto sector this year.
Fidelity Digital Assets stated in a research paper in January that it expects “more nation-states, central banks, sovereign wealth funds, and government treasuries will aim to establish strategic positions in Bitcoin.”
Bitcoin’s price hasn’t experienced a “massive rise” yet
Meanwhile, Mow highlighted that Bitcoin’s price has not aligned with the expectations of many market participants for 2025.
“We should have already seen a bull run,” he pointed out, “a significant surge,” he emphasized.
“So I believe this market cycle, if you wish to label it as such, is delayed; it might extend into next year,” he noted. Many other market observers have echoed similar sentiments recently. On July 26, Bitwise chief investment officer Matt Hougan remarked, “I bet 2026 will be an upward year.”
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“I generally think we’re in for a positive few years,” Hougan expressed. Bitcoin is trading at $109,400 at the time of this writing, down 1.97% over the past month, according to CoinMarketCap.
Comments from Mow and Hougan arise as the industry continues to ponder whether Bitcoin’s traditional four-year cycle remains relevant, given the rising influence of ETFs and institutional demand.
Just last June, Mow stated that the $1 million Bitcoin price point “is expected at this stage, possibly this year, possibly next year.”
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