Mow also said that the real "litmus test" is getting a larger country that isn't suffering economic hardship to embrace Bitcoin as legal tender.
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Samson Mow has revealed which countries may never adopt Bitcoin as legal tender — and who might be next.
During a fireside chat with Bitcoin Magazine's Pete Rizzo at CoinMarketCap's The Capital conference, Mow said:
"Europe doesn't look that welcoming or promising, but you never know, like things can change really on a dime. I would've said there was no hope for Canada a year ago, but things have changed."
Focusing on Canada, Mow pointed to how the Freedom Convoy protests educated citizens on why central bank digital currencies "are a bad idea"; — with bank accounts frozen after truckers started protesting.
"I believe people in Canada are starting to realize the value proposition of Bitcoin and why it's important."
Mow also said that the real "litmus test" is getting a larger country that isn't suffering economic hardship to embrace Bitcoin as legal tender.
"Mexico is a very interesting place because it is a big country with a massive economy — and they're actually doing quite well. So the test is really to see if you can get a nation-state that is not small or struggling financially to adopt Bitcoin. And I believe Mexico is that litmus test to see if you can actually go to a country that is relatively successful and booming and seeing if they'll adopt it."
The Jan3 CEO added that there's a compelling reason why a prosperous country would take the plunge and adopt Bitcoin: financial inclusion.
"If you want to bank the unbanked, the only way you can do that is with Bitcoin, right?"
