Samson Mow, a prominent Bitcoin advocate, entrepreneur, and CEO of Jan3, has forecasted that an “Omega candle” and $1 million Bitcoin (BTC) are “just around the corner.”
The Bitcoin maximalist argues that the available supply is far lower than the market recognizes and that a price below $120,000 is undervalued.
Samson Mow Explains Why $1 Million Bitcoin Is Coming
In an interview with Pete Rizzo, Mow argued that recent market behavior challenges the idea of a fixed four-year cycle. He noted that Bitcoin reached an all-time high before the halving and only saw a less euphoric peak afterward.
While some interpret this as a cycle top and expect a prolonged downturn, Mow disagrees.
“Everything is up in the air now. And I think an Omega candle and $1 million Bitcoin is just around the corner, especially with all the buy pressure that is flooding the market now with Saylor through STRC and other Bitcoin treasury company players all coming in,” he said.
Mow did not lay out a specific timeline but said the move would happen “very quickly.”
“There are only 21 million, and the supply to be mined is less than a million. And there are multiple big entities scooping up Bitcoin. Like you wouldn’t believe, with no intention to stop and no sensitivity to the price. So if you don’t believe in 1 million Bitcoin, good luck. But it’s coming,” he noted.
The executive argued that Bitcoin’s supply is far more constrained than the market assumes. He suggested this misunderstanding could eventually lead to a supply shock, as Bitcoin’s fixed supply becomes more apparent.
“People think there’s, you know, 2 3 million coins on exchanges ready for sale. But those are not coins that are meant for sale. That is liquidity. That’s market makers, trading firms, and hedge funds using that Bitcoin on exchange to perform other activities. And it is not meant to be just sold and never bought back,” Mow noted.
He also highlighted that large institutional buyers, such as MicroStrategy under Michael Saylor, are continuing to accumulate even during downturns, lowering their average cost.
Similar behavior from other treasury-focused firms, such as Metaplanet, reinforces the idea that these entities act as price-insensitive buyers of last resort, consistently absorbing available supply.
In his view, the fact that investors are still willing to sell at relatively low levels enables this accumulation, but it is unlikely to persist indefinitely.
In addition, Mow maintains that “we’re really early.” Based on factors such as inflation adjustments and valuation models like the stock-to-flow model, he believes Bitcoin is currently undervalued, with fair value estimates well above prevailing prices.
“Even anything under $120,000, $110,000 I think, is below fair market value. Just keeping track with inflation, like Bitcoin needs to be at 111,000, I think, to keep track with inflation over the past four to five years, and then fair market value from stock to flow models are indicating its fair market value is something like $110 $115,000, so this is a deep, deep discount right now, and it’s because people don’t really understand Bitcoin,” he remarked.
Experts Back BTC’s Seven-Figure Forecast
Mow’s view echoes similar projections from major institutional voices. Bitwise Chief Investment Officer Matt Hougan highlighted that Bitcoin could reach $1 million if it captures roughly 17% of a projected $121 trillion store-of-value market within a decade.
ARK Invest CEO Cathie Wood maintains a 2030 target of $1.2 million for Bitcoin. Wood revised the figure down from $1.5 million in late 2025, citing the rise of stablecoins.
The Gap Between Bitcoin Forecasts and Reality
Despite these calls, Bitcoin trades roughly 39% below its October 2025 all-time high of over $126,000. The asset traded at $76,855 on April 27, with several analysts forecasting a market bottom only in late 2026.
From around $76,855, reaching $1 million would require a price increase of nearly 1,200%, or more than 13 times the current value. Such a move might be mathematically possible over a multi-year horizon, but unlikely in the immediate term.
Bitcoin also missed multiple bullish 2025 forecasts that called for $150,000 or higher by year-end. While the asset may eventually approach the seven-figure milestone, the path looks far longer than Mow’s “Omega candle” framing suggests.
Forecasts of this scale remain scenarios, not guaranteed targets, and a $1 million Bitcoin would require a major structural shift in the market.
