"Bitcoin bull market has not yet begun"

Son Min

Summary

Samson Mow argued that the Bitcoin (BTC) bull market has not yet begun in earnest.
He said Bitcoin exceeds the U.S. inflation rate and still has upside potential.
He mentioned the possibility that Bitcoin could enter a long-term bull market following the ETF launch.

Samson Mow, the founder of Bitcoin (BTC) infrastructure company Jan3, argued that "the Bitcoin bull market has not yet begun in earnest."

On the 6th (local time), according to Cointelegraph, Samson Mow said, "Bitcoin has not yet entered a bull market," and "right now it is merely a trend that slightly outpaces inflation." Bitcoin fell below $100,000 earlier this week, and according to CoinGecko data, on the 4th it dropped to $99,607.

He added, "Bitcoin exceeds the U.S. inflation rate of 3% and still has upside potential," and "I am confident of a Santa rally that will see Bitcoin's price surge."

Earlier, Mow had forecast that "Bitcoin could rise to $1,000,000 after a short period of intense upward movement (upheaval)." He elaborated, "Bitcoin was effectively sideways throughout 2025. This could mean a longer cycle or, after the ETF launch, a long-term bull market of over 10 years like gold."

BTC