Crypto enthusiast and JAN3 CEO Samson Mow remains bullish on Bitcoin. He believes that predictions of its potential collapse are vastly exaggerated. According to Mow, the world’s largest cryptocurrency has plenty of room for upside, driven by three key factors tied to the US economy.

Concerns about a possible BTC crash are fueled by market participants' fears rather than by actual technical data, Mow argues. "Bears saying Bitcoin will drop to $0.04M have no basis for that prediction other than self induced fear," the businessman said, adding that the leading cryptocurrency is poised to reach new highs with little effort.

According to Mow, Bitcoin's anticipated rally could be attributed to the growing number of companies adding BTC to their balance sheets, the increasing involvement of US pension funds in cryptocurrency investments, and the continuous issuance of new dollars by the US Treasury. These three factors could serve as driving forces behind Bitcoin's impressive growth. "Bitcoin can just as easily go to $0.1M and that is supported by brrrr, +$3B in debt per day, strategic Bitcoin reserves, pensions allocating, and corporations buying," he claimed.

The CEO of JAN3 asserts that fears driving the crypto market are temporary. "Can fear move the market? Sure. But it never lasts long because the fundamentals win out over time," he said, noting that BTC would soon enter a bullish cycle along with other cryptocurrencies. Previously, Mow stated that Bitcoin is a horribly unpredictable asset, especially in times of global financial turmoil.