Bitcoin advocate and Jan3 CEO, Samson Mow, known for his previous $1 million Bitcoin price prediction, has recently revised his target to a staggering $2 million per coin. This bold claim comes amidst a surge in institutional investment in Bitcoin exchange-traded funds (ETFs) and growing confidence in Bitcoin’s long-term potential.
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Mow hinted at the updated prediction on X (formerly Twitter), suggesting a $2 million price target instead of the earlier $1 million forecast. This shift in perspective aligns with the increasing institutional adoption of Bitcoin, as major financial players continue to accumulate BTC at a rapid pace. Notable investors include Millennium Management with a $2.6 billion allocation, Brevan Howard with a $1.38 billion investment, Goldman Sachs with a $1.58 billion stake, and the UAE Sovereign Fund holding $436 million in Bitcoin ETFs. Leading the pack is Jane Street, boasting a substantial $2.8 billion in Bitcoin ETF holdings, equivalent to 30,000 BTC.
Bitcoin’s Path to $2 Million: A Steep Climb
Currently, Bitcoin is trading significantly below Mow’s ambitious target. To reach $2 million, Bitcoin would require a monumental surge of approximately 1,989% from its current price. Even compared to its all-time high of $108,000 in January 2025, a 1,752% increase is still necessary.
Achieving this milestone would necessitate a confluence of factors, including accelerated institutional adoption and heightened global financial uncertainty. Increased demand for Bitcoin as a hedge against traditional markets could fuel the necessary price surge. Gracy Chen, CEO of Bitget, recently predicted Bitcoin could reach $200,000 by 2025, further reinforcing the growing optimism surrounding Bitcoin’s future.
Institutional Giants Fuel the Bitcoin Fire: JPMorgan and Goldman Sachs Increase Holdings
Further bolstering the bullish sentiment, JPMorgan Chase, a global financial powerhouse, has significantly expanded its exposure to Bitcoin and Ethereum ETFs. Recent filings with the U.S. Securities and Exchange Commission (SEC) reveal holdings of $984,000 in Bitcoin ETFs and $32,300 in Ethereum ETFs across multiple funds.
Goldman Sachs has also reinforced its commitment to Bitcoin, doubling down on its ETF investments. The firm’s stake in BlackRock’s iShares Bitcoin Trust ETF (IBIT) now stands at $1.27 billion, representing 24,077,861 shares. Furthermore, Goldman Sachs disclosed a $288 million position in Fidelity Wise Origin Bitcoin ETF (FBTC), holding 3,530,486 shares. These substantial investments from institutional giants underscore a growing belief in Bitcoin as a long-term asset, aligning with Mow’s increasingly optimistic outlook.
Conclusion: $2 Million Bitcoin – A Bold Prediction or Future Reality?
While Mow’s $2 million Bitcoin prediction may seem audacious, the increasing institutional adoption and growing global economic uncertainties could potentially pave the way for such a dramatic price appreciation. The significant investments by JPMorgan Chase and Goldman Sachs, alongside other major players, signify a paradigm shift in the financial landscape, with Bitcoin gaining recognition as a viable and potentially lucrative long-term asset. Only time will tell if Mow’s bold forecast will materialize, but the current trends suggest a bright future for the leading cryptocurrency.
