Dogecoin price prediction – 77% gains in July, more to follow soon?
- Samson Mow predicted that Bitcoin could hit $1 million sooner due to U.S. pro-crypto policies.
- President Trump’s White House endorses Bitcoin, boosting investor confidence and market optimism.
Bitcoin [BTC] is currently navigating a challenging market phase, struggling to reclaim the critical $100K level.
At press time, BTC traded at $85,775.87, reflecting a marginal 0.25% dip in the past 24 hours, according to CoinMarketCap.
In fact, Bitcoin’s market dynamics have undergone notable changes recently, driven by shifting supply patterns across various investor groups.
Despite this downturn, market experts remain optimistic, forecasting an imminent bull run.
Samson Mow on Bitcoin’s long-term outlook
Among them, Jan3 CEO and well-known Bitcoin proponent Samson Mow has reiterated his bold prediction that BTC could soar to $1 million.
Taking to X (formerly Twitter), Mow noted,
“Since getting into #Bitcoin, what I’ve consistently found is that everything always happens faster than I expect. And now we have the White House promoting #Bitcoin.”
His latest remarks came in response to a post from the White House’s official X account promoting Bitcoin,
“America will be the Bitcoin superpower of the world. The Golden Age of America has BEGUN!”
How is Trump shaping Bitcoin’s future?
Mow has now accelerated his Bitcoin price prediction, asserting that BTC could reach $1 million much sooner than previously expected.
While he initially projected this milestone by 2031, Mow believes shifting dynamics in the U.S. crypto landscape—driven by President Donald Trump’s executive actions—could significantly speed up Bitcoin’s ascent.
He pointed to the growing governmental support for Bitcoin as a key catalyst, emphasizing that the White House’s evolving pro-crypto stance is setting the stage for a rapid price surge.
His comments sparked discussion on X, with some users suggesting that even a $1 million target by 2031 is a conservative estimate.
However, Mow remains firm in his belief that the accelerated pace of regulatory and institutional adoption could propel BTC’s price to unprecedented heights much sooner than anticipated.
He said,
“That’s why my prediction is for a fast run to $1.0M. I’m front-running my own model which indicates $1.0M in 2031.”
White House backs Bitcoin
A key driver behind the growing optimism surrounding Bitcoin is the recent backing from the White House.
In a significant development, President Trump reaffirmed his commitment to positioning the United States as a dominant force in the cryptocurrency sector.
During the first-ever White House Crypto Summit, he underscored the importance of fostering innovation and regulatory clarity to strengthen the nation’s leadership in the digital asset space.
This endorsement has fueled bullish sentiment among investors, reinforcing expectations that Bitcoin could see substantial growth as pro-crypto policies take shape at the highest levels of government.
However, critics like Quinten François, Co-founder of weRate noted,
Source: Quinten/X
What’s more?
However, as Bitcoin adoption continues to expand globally, particularly through the rise of spot Bitcoin ETFs, more businesses and nations are embracing the leading cryptocurrency.
This growing acceptance strengthens the case for Bitcoin’s long-term potential, with analysts like Mow suggesting that the U.S. government’s pro-crypto stance could set a precedent for other countries.
If more nations align with this trend, it could further accelerate Bitcoin’s growth, reinforcing its position as a dominant asset in the evolving financial landscape.
