Jan3 CEO Samson Mow is calling for an “Omega candle” and $1 million Bitcoin, arguing that a massive supply shock is already unfolding and that most investors simply don’t understand how constrained the available supply really is.
Mow’s case for $1 million
In an interview with Pete Rizzo, Mow pushed back on the idea that Bitcoin is still following a predictable four-year cycle, pointing out that the asset hit an all-time high before the most recent halving and produced a less euphoric peak afterward.
He said:
“Everything is up in the air now. And I think an Omega candle and $1 million Bitcoin is just around the corner, especially with all the buy pressure that is flooding the market now with Saylor through STRC and other Bitcoin treasury company players all coming in.”
No specific date
Mow did not give a specific date but insisted the move would happen “very quickly.”
He said:
“There are only 21 million, and the supply to be mined is less than a million. And there are multiple big entities scooping up Bitcoin. Like you wouldn’t believe, with no intention to stop and no sensitivity to the price. So if you don’t believe in 1 million Bitcoin, good luck. But it’s coming.”
On the question of exchange supply, he said:
“People think there’s, you know, 2, 3 million coins on exchanges ready for sale. But those are not coins that are meant for sale. That is liquidity. That’s market makers, trading firms, and hedge funds using that Bitcoin on exchange to perform other activities. And it is not meant to be just sold and never bought back.”
Mow also argued that anything under $120,000 is below fair market value, citing inflation adjustments and the stock-to-flow model as supporting evidence.
Other institutions back the call
Mow’s view is not isolated.
Bitwise CIO Matt Hougan has argued Bitcoin could reach $1 million if it captures roughly 17% of a projected $121 trillion store-of-value market within a decade.
ARK Invest’s Cathie Wood maintains a 2030 price target of $1.2 million, revised down from $1.5 million in late 2025 after accounting for stablecoin growth.
The gap between forecast and price
Bitcoin was trading around $76,855 on April 27, roughly 39% below its October 2025 all-time high above $126,000, as tracked on the bitcoin price history chart.
Reaching $1 million from that level would require a gain of nearly 1,200%, or more than 13 times the then-current price.
Several analysts were forecasting a market bottom only in late 2026, and Bitcoin had already missed multiple bullish 2025 targets calling for $150,000 or higher by year-end.
