No Real Bitcoin Bull Run Yet, Samson Mow Claims Amid 22% BTC Rally

Samson Mow argues that Bitcoin's recent 22% surge - which pushed the asset above $79,000 for the first time since May - does not constitute a genuine bull run. According to Mow, previous all-time highs largely reflected inflation adjustments rather than authentic price discovery. His claim suggests that despite meaningful short-term momentum, Bitcoin has yet to experience what he would characterize as a true bull market phase.

The distinction Mow draws hinges on differentiating between rallies driven by broader market cycles versus sustained, organic demand-driven appreciation. His framing invites debate about how bull runs should be measured and what threshold of performance or conditions would qualify as legitimate by his standard.

• Bitcoin rallied over 22% in a week to breach $79,000, but prominent voices argue this doesn't signal the start of a major bull cycle.
• Mow's thesis questions whether past price peaks reflected genuine demand or merely tracked inflation, raising questions about Bitcoin's historical price discovery mechanisms.
• The claim highlights ongoing disagreement in crypto circles about how to distinguish meaningful rallies from transformative bull markets.