Samson Mow Says Bitcoin’s Real Bull Run Has Yet to Begin Despite $126K Peak

Summary

• Samson Mow argues Bitcoin’s $126,000 record mainly reflected inflation rather than representing the cryptocurrency’s first genuine bull market cycle ever.
• Bitcoin gained more than 22% during the week, reaching $79,000 and strengthening investor confidence across the broader cryptocurrency market significantly.
• Bitcoin remains below its previous record, while limited supply, institutional demand, regulation, liquidity, and economic conditions could influence future valuations.

 

Bitcoin advocate Samson Mow has dismissed the cryptocurrency’s previous $126,000 record as evidence of a genuine Bitcoin bull run. According to Mow, Bitcoin has never experienced what he considers its first real bull market despite its substantial historical gains.

Mow argued on X that Bitcoin’s $126,000 all-time high mainly reflected the asset keeping pace with inflation. His assessment suggests nominal price records alone may not accurately represent Bitcoin’s growth when changes in purchasing power are considered.

Consequently, his argument presents a different way of evaluating Bitcoin’s long-term price performance. Rather than treating every new record as evidence of exceptional growth, Mow believes inflation provides an important benchmark for measuring those gains.

Bitcoin has recorded several powerful market cycles throughout its history, creating significant returns for long-term holders. However, Mow believes those rallies remain smaller than the expansion Bitcoin could deliver during what he considers a genuine bull run.

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Bitcoin’s 22% Rally Supports Renewed Market Optimism

Bitcoin gained more than 22% during the past week and climbed back toward the $79,000 level. The recovery pushed the cryptocurrency to its highest price since May while strengthening confidence across the broader digital asset market.

Moreover, the rebound has reduced part of Bitcoin’s decline from the $126,000 record reached last year. Nevertheless, Bitcoin still requires considerable gains before returning to its previous peak.

Mow’s argument suggests even reclaiming $126,000 would not necessarily represent the beginning of Bitcoin’s first genuine bull market. Instead, his interpretation points toward substantially higher valuations that would outperform inflation and previous dollar-denominated records.

Additionally, renewed market strength has encouraged bullish expectations surrounding Bitcoin’s next major price range. Stronger demand could support further gains, although broader economic conditions remain important for maintaining market momentum.

Bitcoin Remains Well Below Its $126,000 Record

Bitcoin’s current position around $77,000 leaves a significant gap between its market price and the previous all-time high. Therefore, another six-figure valuation would require sustained demand and stronger buying pressure across the market.

Bitcoin’s fixed maximum supply of 21 million coins also remains central to Mow’s long-term bullish outlook. Limited supply could support higher valuations when demand increases among institutional investors, companies, governments, and individual market participants.

However, Mow’s claim represents his interpretation of Bitcoin’s historical performance rather than confirmation of an approaching price surge. Liquidity, regulation, leverage, investor demand, and economic conditions could still influence Bitcoin’s broader trajectory.

Conclusion

Mow’s assessment challenges the idea that Bitcoin’s $126,000 record represented the peak of a genuine bull market. His inflation argument instead suggests Bitcoin must move substantially higher before delivering the bull run he believes remains unrealized.

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