- Samson Mow believes the Bitcoin bull market has not yet begun, despite the recent drop just below $100,000, stating that Bitcoin is currently only marginally outperforming inflation.
- Mow maintains that Bitcoin could reach $1 million through a “short and violent upheaval” lasting weeks to months, not a gradual rise.
- He dismissed fears of early holders selling, suggesting a high-quality run may be starting, potentially leading to a multi-year secular run rather than traditional boom-bust cycles.
Samson Mow says the Bitcoin bull market has not started yet, despite this week’s drop below six figures.
“We’re just marginally outperforming inflation at this price range,” the Jan3 founder wrote on Wednesday, after Bitcoin slid to just under US$100K (AU$154K). CoinGecko data showed a Wednesday low near US$99.6K (AU$154K).
A few days ago, Mow reiterated his views that Bitcoin could reach US$1 million (AU$1.55 million) in a “short and violent upheaval.”
It’s not gonna be a gradual slow increase to $1 million a Bitcoin, but rather a very short and violent upheaval that sends us there in a matter of weeks to months.
Samson Mow, Founder of JAN3.On cycles, he offered a conditional roadmap: if one believes in cycles, a top could land in 2026; if not, the asset could enter a multi-year secular run similar to gold post-ETF, or an “Omegacycle” without traditional boom-bust patterns.
“Bitcoin has been basically flat for 2025. If you believe in cycles, then it hasn’t topped,” he wrote.
Read more: BlackRock Expands Bitcoin Bet with Australia’s First iShares Bitcoin ETF
Room For Growth
Mow argued on X that upside remains as Bitcoin continues to beat US inflation near 3%.
When asked about the prospect of a “Christmas god candle,” he replied he is “not uncertain,” implying room for a sharp year-end move.
His stance contrasts with a separate take from macro investor Jordi Visser, who described the current phase as an “initial product offering,” with legacy holders selling to new entrants. Mow pushed back on fears that early adopters are offloading size.
“People are fearful because they created their own theory that OGs are selling above $0.1M… Focus on the big picture. Bitcoin is going to add a zero,” he said, adding he doesn’t personally know OGs who are selling.
So far, Bitcoin and the rest of the crypto market remained weak on broader macro concerns, including renewed US–China trade tensions, and an overall negative market sentiment.
Interestingly, Columbia Business School professor Omid Malekan said that most in the community are overlooking one driver of Bitcoin’s meltdown, which is publicly listed crypto treasuries.
Related: Ripple’s RLUSD Surges Past US$1 Billion Market Cap, Cementing Its Place Among Top Stablecoins
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