Samson Mow's Outlook on Bitcoin's Price Rally
Samson Mow, CEO of Bitcoin mining firm Jan3, stated on November 5th that the current price rally for Bitcoin has "not started yet," observing that gains are only "marginally outperforming inflation." This performance barely exceeds the U.S. inflation rate, which is approximately 3%. His comments emerged as Bitcoin briefly dipped below $100,000. Mow attributed this price slide to rising U.S.-China trade tensions and other macroeconomic factors. Despite the pullback, Mow maintained a bullish stance, predicting eventual sharp gains, including a year-end "Christmas god candle" spike, as Bitcoin continues to outperform inflation. He advised investors against reacting to every piece of Bitcoin news, dismissing rumors of veteran holders selling as unfounded and emphasizing that Bitcoin's price will eventually "add a zero."
Macroeconomic Pressures and Recent Price Dip
Bitcoin's recent decline to just under $100,000 was largely attributed to external pressures. Analysts noted that the downturn coincided with escalating U.S.-China trade friction and broader market concerns. Mow echoed these sentiments, asserting that the pullback reflected macroeconomic headwinds rather than a loss of confidence in the asset. He predicted that this decline is temporary and even hinted at the potential for a "God candle" surge, which is an outsized one-day rally marked by an unusually large green candlestick, should buying pressure return. Mow expressed his certainty about the possibility of a Christmas God candle rally.
Bitcoin News: Cycle Forecast — 2026 or Decade Rally?
Mow questioned traditional market cycle assumptions, suggesting that Bitcoin has been "basically flat for 2025," implying that the current cycle is not yet over. He posited that a cycle peak could occur in 2026, but also raised the possibility of a decade-long "generational" bull run, even mentioning an "Omegacycle," signifying the end of traditional cycles. Regardless, Mow stressed that a longer upward trend remains in play. He recalled his earlier prediction of a swift jump to $1 million in a "short and violent upheaval," underscoring his view that any period of quiet could be followed by a sharp rally. Mow unequivocally dismissed sensational Bitcoin news reports about sell-offs as baseless. On X (formerly Twitter), he described concerns that early-adopter "OGs" were dumping Bitcoin as "incredible" and self-generated by fearful traders.
He noted that this directly countered a recent analysis by former Wall Street strategist Jordi Visser, who had speculated that longtime holders might be selling. Mow stated he was unaware of any OGs actually dumping coins and advised investors to focus on the larger picture. He reiterated his belief that Bitcoin is "going to add a zero," strongly emphasizing that the long-term uptrend remains intact.
Market Sentiment and Investor Behavior
Meanwhile, the crypto market's Fear & Greed Index slipped into "extreme fear" this week. Mow observed that Jan3's own index, which inverts the standard metric, hit "extreme greed," suggesting that devoted holders were actively buying even during the dip.
Mow stated that much of the recent Bitcoin news was merely noise, urging investors to concentrate on fundamentals rather than headlines. He advised traders to disregard daily Bitcoin news and short-term hype, noting that many Bitcoiners were "still stacking" coins even as prices fluctuated, implying that the pullback could present a buying opportunity. His core message was that the bull market lies ahead, not in the past, following the recent dip. He reiterated that Bitcoin has been "flat for 2025," which, in his view, means the cycle top is still forthcoming. He reaffirmed his prediction that Bitcoin would eventually "add a zero," strongly emphasizing his long-term bullish outlook and ultimately advising investors to "plan accordingly" for either a 2026 cycle top or a decade-long rally.