Nation-States Move From Skepticism to Strategic Accumulation
Bitcoin adoption by governments is approaching a pivotal turning point, according to Jan3 founder Samson Mow. He believes that many nations have moved beyond initial hesitation and are now preparing for significant action.
Speaking on the What Bitcoin Did podcast, Mow explained that the adoption curve is shifting rapidly. “We’re on the tail end of gradually, and we’re at the beginning phases of suddenly,” he said, predicting swift developments ahead.
“Gradually, Then Suddenly” Explained
Mow used the famous phrase to describe how geopolitical Bitcoin accumulation can accelerate unexpectedly. Countries may spend years observing before abruptly entering the market together.
He warned that strategic Bitcoin reserve formations could happen almost overnight, triggering a wave of fear of missing out (FOMO) among governments. “It’s simply a matter of time before we see a massive run-up,” Mow added.
The U.S. Bitcoin Strategy Is Still Developing
Despite President Donald Trump’s executive order to create a Strategic Bitcoin Reserve, the U.S. has yet to begin purchasing BTC. Mow pointed out that the government is currently pursuing a budget-neutral acquisition strategy.
Galaxy Digital’s Alex Thorn recently noted a high likelihood of the U.S. forming the reserve before year-end. If realized, this move could position the U.S. as a leader in sovereign Bitcoin accumulation.
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Pakistan and Latin America Could Move First
Mow cautioned that the U.S. faces the risk of being front-run by other nations, such as Pakistan. He emphasized that geopolitical competition could accelerate accumulation.
He also highlighted Latin America as the most promising region for upcoming nation-state adoption. Mow believes countries there may take bold steps to embrace Bitcoin for strategic and economic reasons.
Fidelity Research Supports Sovereign Bitcoin Adoption Thesis
In January, Fidelity Digital Assets published a report predicting more governments would establish Bitcoin positions. This includes central banks, sovereign wealth funds, and treasuries seeking diversification.
The research aligns with Mow’s view that Bitcoin is shifting from a niche investment to a strategic asset. Once the first few major moves occur, others are expected to follow quickly.
Bitcoin’s Price Cycle May Be Delayed, Not Abandoned
Mow admitted that Bitcoin’s price has not surged as expected in 2025. “We should have had a bull run already,” he said, noting a delayed cycle.
Bitwise CIO Matt Hougan echoed similar sentiments in July, predicting that 2026 could be the real breakout year. Institutional demand and ETF flows may be altering traditional four-year market cycles.
A $1 Million Bitcoin May Arrive Sooner Than Expected
Mow remains confident that Bitcoin will eventually reach the $1 million mark. “It’s a given at this point, maybe this year, maybe next year,” he said in June.
As more countries accumulate Bitcoin, supply shocks could drive rapid price expansion. Nation-state FOMO, combined with institutional demand, may set the stage for unprecedented growth.
