Jan3 founder Samson Mow believes the world is nearing a turning point in nation-state Bitcoin adoption, shifting from a slow build-up to a phase of rapid action.
Transition from gradual to sudden adoption
Speaking on the ‘What Bitcoin Did’ podcast, Mow said:
“I think we’re on the tail end of gradually, and we’re at the beginning phases of suddenly.”
He explained that after years of caution, more countries are now preparing to acquire Bitcoin reserves rapidly, adding:
“It is simply a matter of time before we see a massive run-up, and we see a massive nation-state FOMO, you know, panic.”
United States and the strategic Bitcoin reserve
Mow noted that while US President Donald Trump has signed an executive order for a Strategic Bitcoin Reserve, the US has yet to start actual purchases.
However, Mow said the country is “pushing forward” with initiatives like budget-neutral acquisition and the Bitcoin Act.
Galaxy Digital’s Alex Thorn recently stated there is a high likelihood the US will form its anticipated reserve by year-end.
As of now, the US government holds 198,012 BTC, according to Bitbo data.
Latin America and global momentum
Mow is particularly optimistic about Latin America, suggesting countries in the region could soon make significant Bitcoin moves.
Interest in nation-state adoption has grown, with Fidelity Digital Assets predicting central banks and sovereign wealth funds will seek strategic Bitcoin positions.
Delayed price action and industry debate
Despite the growing interest, Mow noted that Bitcoin’s price surge has not materialized as some expected in 2025. He commented:
“We should have had a bull run already… like a massive run up.”
Mow suggested this cycle might be delayed into next year, a view echoed by others such as Bitwise’s Matt Hougan, who expects a strong 2026.
The discussion around the validity of Bitcoin’s four-year cycle continues as ETF and institutional demand reshape the market.
