Despite the ongoing bear market, Samson Mow CEO Jan3 and other Bitcoin proponents believe the cryptocurrency will continue to grow. The top will be able to reach the $1 million threshold in the next 5-10 years, with the fall of fiat currencies a major catalyst. which he said could “happens quickly” and “unexpected”
“It could happen overnight,” he said in a recent interview with . Cointelegraph
Mow also commented on the current state of Bitcoin adoption in El Salvador. About a year after the law was adopted, Mow said he views El Salvador’s move as a collective success. Despite the relatively low usage rate and the uneven availability of the Bitcoin payment infrastructure in the country,
“You are rebuilding the traditional banking infrastructure in the country. So it will take some time,” he said.
According to Mow, Bitcoin’s high volatility is one of the reasons El Salvador’s citizens continue to rely on cash for their daily lives instead of digital currency, which Mow sees as a temporary problem. Because volatility decreases as Bitcoin approaches the $1 million benchmark.
Even now, Mow believes El Salvador can play a role in inspiring other countries to follow its example. especially He sees El Salvador’s vibrant grassroots Bitcoin community playing a key role in driving wider adoption.
“It requires a mix of top-down and bottom-up initiatives. To balance each other out in all countries that want to successfully adopt Bitcoin.”
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