Bitcoin Bull Run Yet to Begin, Says Jan3’s Samson Mow

Bitcoin technology infrastructure company Jan3 founder Samson Mow maintains that the Bitcoin bull run has yet to begin, despite the cryptocurrency’s recent price movements around the $100,000 mark. Speaking on Wednesday as Bitcoin fell to just under $100,000, Mow characterized current price levels as “just marginally outperforming inflation at this price range,” suggesting that genuine market momentum remains unrealized. This perspective comes amid a broader cryptocurrency market slump that saw intensified selling pressure throughout the week.

CoinGecko data confirms the market weakness, showing Bitcoin’s price dipped to $99,607 on Wednesday following intensified selling on Tuesday. The decline represents a significant pullback from recent highs, yet Mow’s analysis suggests this volatility should be viewed in the context of longer-term market cycles rather than as an indicator of fundamental weakness. His comments challenge the prevailing market narrative that recent price action reflects the peak of bullish sentiment.

Market analysts have attributed the recent cryptocurrency decline to escalating trade tensions between the United States and China, alongside other macroeconomic factors that have created headwinds for risk assets globally. The timing of the sell-off coincides with renewed geopolitical uncertainties that have traditionally impacted cryptocurrency markets, though Mow’s comments suggest these short-term pressures shouldn’t overshadow Bitcoin’s longer-term trajectory.

The United States-China trade relationship has historically influenced cryptocurrency markets, with Bitcoin often serving as both a risk-on asset and potential hedge during periods of economic uncertainty. The current market conditions reflect this dual nature, with short-term selling pressure contrasting with Mow’s bullish long-term outlook. The convergence of these factors creates a complex landscape for traders navigating both immediate price action and longer-term positioning.

Samson Mow specifically addressed concerns about potential selling by Bitcoin OGs (original holders), describing these fears as “overblown” and cautioning traders against what he termed “self-owning themselves” by focusing on short-term market noise. This perspective suggests that veteran Bitcoin holders are unlikely to significantly impact market structure through coordinated selling, contrary to some market speculation.

Mow’s advice to focus on the next bull run rather than near-term price fluctuations reflects a fundamental belief in Bitcoin’s underlying value proposition and market cycle patterns. His position as founder of Jan3, a company focused on Bitcoin technology infrastructure, lends credibility to his assessment of market dynamics and holder behavior. The comments come at a time when market participants are closely watching for signs of distribution from early adopters.

The combination of Mow’s dismissal of OG selling concerns and his assertion that the bull run hasn’t truly begun creates a compelling narrative for Bitcoin’s potential upside. While current market conditions reflect short-term pressures, his analysis suggests that the fundamental case for Bitcoin remains intact, with significant price appreciation potential once genuine bullish momentum emerges.