According to Jan3 CEO and Bitcoin advocate Samson Mow, Bitcoin could reach $1 million in 5 years due to the collapse of fiat currencies.
Despite the current bear market, Samson Mow CEO of Jan3 and Bitcoin advocate, believes the major cryptocurrency could reach the $1 million mark in the next five to ten years. The collapse of major fiat currencies will be a major catalyst, which he says can "happen very quickly" and "not anticipated."
Mow made his prediction while commenting on the current state of Bitcoin adoption in El Salvador, about a year after its adoption as legal tender.
Mow believes El Salvador can play an inspirational role for other countries to follow suit. In particular, he believes that El Salvador's vibrant local Bitcoin community can play an important role in driving adoption.
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