Overview

• Jan3 founder Samson Mow says government adoption is shifting from gradual to sudden, predicting a rush by states to secure Bitcoin reserves.
• He notes the U.S. has a Strategic Bitcoin Reserve framework signed by President Trump but no public purchases yet, cautioning that others could front-run Washington.
• Mow highlights Latin America as a likely early mover due to political and currency pressures that make alternative stores of value attractive.
• Fidelity research and other institutional views point to states, central banks and large funds building strategic Bitcoin positions, though timelines remain contested.
• Market signals remain muted near $109,425 for the week, and forecasts diverge, with Galaxy’s Alex Thorn seeing a U.S. reserve by year-end and Bitwise’s Matt Hougan looking to 2026 for stronger gains.