Samson Mow, the CEO of JAN3, has been a key figure in discussions about Bitcoin's future value. While he does not claim ownership of the predictions that Bitcoin could reach $1.4 million or $47 million per coin, he acknowledges the mathematical basis of these figures, proposed by @JeschildTan and @Macronaut_ on X.

Mow first recognized the calculations by @JeschildTan, suggesting a potential Bitcoin value of $1.4 million. This estimate is based on the total assets under management by all spot Bitcoin ETF applicants, including major institutions like BlackRock, Grayscale, Wisdomtree, Fidelity, Franklin Templeton, and others.

If 1% of their combined $25 trillion assets were invested in Bitcoin, considering a multiplier effect of 118, it would lead to a staggering $29.5 trillion market capitalization. Dividing this number by Bitcoin's total supply of 21 million coins results in the $1.4 million per Bitcoin valuation.

The 118 multiplier number was first suggested by Bank of America in March of 2021. At that time, Bitcoin's market cap was around $1.09 trillion (or a trading price of $58,332).

1% of Bitcoin's market cap at that time was $10.9 billion, and dividing this amount by the 118 multiplier yields approximately $92.3 million. This means it would take about $92 to $93 million to move Bitcoin’s price by 1% based on the March 2021 data.

However, the multiplier number is not static and increases over time, primarily because less Bitcoin are available for purchase.

Additionally, @Macronaut_ projected a possible $47 million per Bitcoin, based on BlackRock's suggested Bitcoin allocation of 84.9%, resulting in a $941 trillion market cap.

Mow has also discussed Bitcoin's regulatory aspects, particularly the SEC's stance on spot Bitcoin ETFs. He suggested that Bitcoin's price could surge to $1 million per coin within days if a spot Bitcoin ETF were approved.

Mow agrees with @JeschildTan’s calculations, as he told BTC Times. He emphasizes that Bitcoin's future value is influenced by various factors, including economic trends, technological developments, and regulatory changes.

Many accounts questioned and even noted that a $1 million Bitcoin is “weapons grade idiocy.”

Despite criticism, Mow reminds readers of Hal Finney's prediction of a possible $10 million Bitcoin if it became a dominant global payment system.

In interviews and public appearances, Mow focuses on the importance of understanding Bitcoin's technology and market dynamics. 

He believes in its potential to transform financial systems but acknowledges the difficulty in making precise predictions due to market volatility.

In a statement to BTC Times, Mow remarked, "there is no upper bound that Bitcoin is limited by. Bitcoin can technically go to trillions of dollars a coin. It just depends on the U.S. dollar."

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