- Samson Mow cited political hurdles blocking national Bitcoin adoption in Argentina and Colombia after Libra’s fraud scandal derailed plans.
- Czech Central Bank eyes Bitcoin for reserves; corporations buying BTC signal market demand to hesitant central banks globally.
Samson Mow stated that political difficulties consistently challenge national Bitcoin adoption efforts. He made these remarks during the “Geopolitical Game Theory” talk at the BTC Prague conference. Mow leads JAN3, a company working to increase Bitcoin usage globally.
Mow revealed JAN3 previously targeted Argentina for Bitcoin adoption. However, the company paused its efforts there. This decision followed problems with Libra, a token project promoted by Argentine President Javier Milei. Libra later faced fraud accusations. Mow also discussed meetings with Colombia’s president. He indicated similar political obstacles hindered Bitcoin adoption progress in Colombia.
Conversely, Mow highlighted interest from the Czech Republic’s central bank chief. Aleš Michl reportedly seeks to add Bitcoin to the country’s strategic reserve assets.
Fellow panelist Anna Strabl, CEO of Confirmo, observed regional differences in government attitudes. She noted Bitcoin is transitioning beyond governments’ ability to ignore it. Strabl contrasted government approaches: Middle Eastern states view Bitcoin as a business opportunity.
European regulators often see it as a compliance challenge. Strabl expressed concern that new European regulations will push companies towards the Middle East and United States. She stated Europe lacks a pro-business stance on the matter.
Strabl described the United States’ perspective differently. U.S. authorities comprehend Bitcoin as a geopolitical hedge, she explained. This understanding extends to stablecoins. U.S. policymakers grasp their potential for expanding dollar dominance globally.
This week, the U.S. Senate passed the GENIUS bill. This legislation aims to regulate USD-pegged stablecoins and encourage their worldwide use. The bill now moves to the House of Representatives. President Donald Trump intends to sign it promptly, seeking to reinforce the dollar’s global reserve status.
Mow pointed out central banks hold diverse views on Bitcoin. Some prioritize government benefit, others focus on monetary policy. “If I led a central bank, I would aim to benefit the people” Mow commented. “At this stage, you cannot successfully relaunch any fiat currency.“
Allen Helm of Bitcoin for Corporations noted corporate Bitcoin purchases send central banks a clear signal. Substantial capital seeks entry into the Bitcoin market, he believes. Helm also viewed stablecoins as complementary to current regulations. He suggested they offer a method to boost the U.S. dollar alongside Bitcoin.
Bitcoin (BTC) is currently trading at $104,333, marking a modest daily gain of +0.26%. However, its performance over the last week reflects a -4.94% decline, with the monthly loss sitting at -1.57%.
Despite this short-term weakness, Bitcoin remains up +60.16% over the past year, reinforcing its role as the dominant asset in crypto markets. BTC is consolidating in a wide $10,000 range, with stiff resistance around $106,000, and its all-time high of $112,000, set on May 22, 2025, continues to act as a major psychological barrier.
Recent developments include massive institutional accumulation: three U.S.-based firms recently committed nearly $800 million to Bitcoin. These include:
- DDC Enterprise Ltd ($528 million expansion)
- Fold Holdings Inc ($250 million)
- BitMine Capital ($16.3 million)
This institutional interest is being driven in part by a weakening U.S. dollar, and market leaders like Mike Novogratz have forecast potential highs of $130,000 to $150,000, with some speculators even eyeing $200,000 by year-end, if momentum holds and macro conditions remain favorable.
From a technical standpoint, BTC remains in macro bullish territory but is currently in consolidation. The $106K level is acting as local resistance, and bulls need a decisive breakout above this zone to reinitiate upward momentum.
If rejected, a pullback to $97K–$99K is likely. Despite short-term sell signals on daily oscillators, the 1-week and 1-month indicators show a “Buy” and “Strong Buy”, respectively, highlighting underlying strength.
Volatility is relatively low for BTC at 1.07%, indicating that the market is in a cooling phase. This is typical ahead of larger moves and reflects indecision as traders await either a breakout or breakdown.
