U.Today: Jan3 Chief Advocate and CEO Samson Mow reposted a tweet made by Jan3. In a video excerpt of his interview, Mow talks about CBDCs and warns about the ultimate goal of central banks in building them, and where CBDCs can take society if the plan works.
Samson Mow CBDC Warning
Samson Mow defined the strategy that central banks and governments have in mind when trying to launch CBDCs around the world as “trying to control money so you can control people.” That's why banks are working on their own centralized digital currencies, Mow believes.
In the interview, Mow stated that this approach is unlikely to work. However, he continued, the question is how long they will be trying to achieve the result they seek. Taking Nigeria as an example, Mow said the country launched its CBDC, called eNaira, and told the population that its use was completely optional and that eNaira was launched “for your convenience and security.”
However, when the country's population showed little interest in it, the first cash withdrawals at ATMs were limited. This has resulted in the government going after cryptocurrency on- and off-ramps and attempting to penalize cryptocurrency exchanges operating within the country.
In reality, Mow believes, it doesn't work, since information can't be stopped, he said, and “Bitcoin is unstoppable.” Now, the January 3 boss is questioning whether the Nigerian government intends to imprison people for owning Bitcoin or not.
Mow is concerned about whether countries will now become totalitarian or authoritarian regimes, in an attempt to stop people from using Bitcoin and cryptocurrencies in general.
Bitcoin will definitely reach $1 million, Mow believes
About a week ago, Mow shared his thoughts on his X account, stating that Bitcoin reaching $1 million is a matter of time (“a when, not an if”). The Bitcoin advocate began actively tweeting about this after the SEC approved Bitcoin ETFs in January and the Bitcoin halving event approached.
Back then, Mow tweeted that ETFs began to create a demand shock for Bitcoin, which would inevitably be met by the Bitcoin supply shock that would be created by the halving.
This article was originally published on U.Today.
