JAN3 CEO Samson Mow said corporate Bitcoin (BTC) purchases and potential government demand make the balance between buyers and available coins more useful than a four-year halving cycle for assessing prices.
In an Oct. 20 interview with Bitcoin Magazine, Mow argued that earlier price patterns may have coincided with elections and business cycles instead of following a timetable set by halvings. He cited Bitcoin's record high before the latest halving as a reason to question whether past cycles will repeat.
Mow described companies that hold Bitcoin in their treasuries as continuing buyers and said their purchases can reinforce price gains. Governments exploring Bitcoin strategies could add demand, he said. He also disputed the idea that competition with artificial intelligence companies for investment capital determines Bitcoin's direction. In his view, the number of coins offered for sale matters as much as interest from new buyers.
Government interest does not guarantee adoption. Mow said JAN3 held meetings across Latin America after El Salvador adopted Bitcoin, but policymakers need support for their decisions. He identified political constraints and public perceptions as obstacles to government adoption.
Mow also linked adoption to everyday transactions. Mow said many Aqua Wallet users in Latin America transact with stablecoins such as Tether (USDT) and move USDT between networks or convert it to Bitcoin. In his account, people can use stablecoins for payments while holding Bitcoin as savings. Households and merchants with bills in conventional currencies still have to manage Bitcoin's short- and medium-term price swings, he said.
The distinction between issuance and price remains central to the debate. As earlier EconoTimes coverage of Bitcoin's supply limit explained, the 21 million-coin cap restricts issuance but does not determine what buyers will pay. The next cut in the subsidy is expected in 2028, although the block count will determine its timing.
