Samson Mow Says Bitcoin Trades 24%–66% Below Historic Gold Trend With $1M Target

On 2 March 2026, Samson Mow, CEO of Jan3, argued that Bitcoin is significantly undervalued versus gold and global liquidity, estimating it trades 24% to 66% below its historical trend. He pointed to a BTC-to-gold Z-score of -1.24 as of 1 March 2026 and highlighted that gold’s market cap is still roughly 10 times larger than Bitcoin’s. Mow continues to project a long-term price target of $1 million per BTC and expects further nation-state adoption, while some analysts warn Bitcoin could still retest the $50,000 area amid macro risks.