Bitcoin Price Rally Not a Bull Run Yet, Samson Mow Claims

Bitcoin's recent price surge has sparked debate in the crypto community about whether it constitutes a genuine bull run. Samson Mow, a vocal advocate for Bitcoin, argues that despite reaching an all-time high of $126,000 last year, the asset has not yet experienced its first real bull run.

Mow suggests that the previous ATH was merely keeping pace with inflation, implying that it does not represent the explosive growth that a genuine bull run could achieve. This assertion has reignited optimism among traders about Bitcoin's potential in the coming months.

Following Mow's statement, Bitcoin's price rallied by over 22% in the last week, reclaiming $79,000 as its highest price level since May. Investors have regained confidence in the asset, leading to increased bullish predictions for Bitcoin's future performance.