Samson Mow, CEO of JAN3, recently doubled down on his earlier prediction about bitcoin reaching $1 million this year. In an interview, Mow stated that the market was wrong, and that bitcoin was “massively undervalued” at current prices. “There is so little bitcoin out there you can’t even double your holdings as a large entity at this point,” Mow stressed. Mow compared bitcoin with a beach ball pushed underwater, pointing out that the pressure needs to be alleviated even when there can be price manipulation with entities shorting bitcoin. “Every quarter Tether is going to be buying bitcoin, every couple months Microstrategy is buying, Semler is buying. So you can see the tide already turning,” Mow concluded.

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