- Jan3 CEO Samson Mow participated in a session at the German Bundestag to discuss Bitcoin.
- The leader of the Bitcoin tech company reaffirmed his prediction of $1 million per BTC.
- His post on X after the event suggested a market-influencing $281K BTC purchase initiated by the German parliament.
As Bitcoin (BTC) approaches its all-time high this weekend, the leading cryptocurrency is again capturing the interest of major institutions and policymakers. Recently, Bundestag member Joana Cotar invited Jan3 CEO Samson Mow to speak at the German federal parliament, where he shared his perspective on Bitcoin.
Mow’s contributions to the parliament focused on essential Bitcoin strategies for nation-states, supporting Cotar’s initiative titled “Bitcoin in the Bundestag.”
Samson Mow Maintains His $1 Million Per Bitcoin Forecast
Interestingly, Mow took advantage of this platform to reiterate his astonishing $1 million per BTC forecast, reflecting his previous assertion that Bitcoin is “massively undervalued.” He contends that if Bitcoin continues on its current path, its price could skyrocket to a million dollars by 2025.
This bold prediction resonates with Ark Invest CEO Cathie Wood’s highly optimistic projections. However, Mow’s timeline is set five years earlier than Wood’s target of 2030.
Hints of Germany’s Planned Whale Bitcoin Acquisition
In his follow-up post on X after attending parliament, the Jan3 CEO expressed hope that Germany would pursue its acquisition of 281,267 BTC for future strategic reserves. The specifics of Mow’s discussions with the lawmakers remain unclear, as neither he nor the participants have publicly commented, and there is currently no transcript available.
Nevertheless, this suggests significant Bitcoin accumulation is being considered by German lawmakers, which could serve as the catalyst BTC needs to achieve a momentous price surge, potentially resulting in a new all-time high.
Cotar was a prominent critic of the German Government’s decision to liquidate its Bitcoin holdings three months prior. Before this, Germany was the third-largest governmental holder of BTC according to Arkham Intelligence’s on-chain monitoring platform.
The nearly 50K BTC previously held by Germany originated from assets seized by Saxony authorities during their efforts to combat the movie piracy website movie2k.to. Cotar expressed frustration over the lost opportunities following the sale.
According to Cotar, the German government should have explored options to use cryptocurrency as a national reserve to diversify its treasury assets. She emphasized that Bitcoin could also have been utilized to protect the economy from inflation.
The MP’s disappointment over her colleagues in parliament seemingly overlooking the potential of digital assets led her to initiate the “Bitcoin in the Bundestag” project, aimed at educating legislators on the potential use cases of BTC and how they could create better regulations for it.
