As Bitcoin continues to move upwards amid the broad crypto market recovery, one of its vocal advocates, Samson Mow, has shared an unpopular opinion about Bitcoin's momentum over the years.
In a recent post shared on X, Samson Mow declared that Bitcoin is yet to experience its first real bull run, sparking discussions across the crypto community.
Bitcoin's ATH not a major rally?
While the recent Bitcoin price breakout has triggered a massive shift in investors' sentiment alongside renewed interest in the leading crypto asset, the crypto ecosystem has continued to buzz with bullish commentaries on its price potential.
Amid the buzz, Samson Mow caught the attention of market participants with his new claims that Bitcoin is yet to experience a genuine bull run, undermining the $126,000 peak seen last year.
To further back his claims, Mow mentioned that the previous all-time high of $126,000 achieved last year was just the asset keeping up with inflation.
In essence, Mow implied that Bitcoin's $126,000 ATH may not be impressive when inflation is considered, suggesting that the ATH record does not measure up to the explosive growth Bitcoin is capable of achieving in a genuine bull run.
Bitcoin's price outlook
Mow's statement has not only stirred debates on Bitcoin's price potential, but has also intensified optimism from traders about how high Bitcoin's price could be in the coming bull cycle.
Following the recent price rally, Bitcoin surged by over 22% over the last week, to reclaim $79,000, its highest price level since May.
This price rally has seen investors regain their confidence in the asset, sparking increased bullish predictions for Bitcoin in the coming months.
U.Today Editorial Team
Dan Burgin
