Samson Mow of Jan3 says that the Bitcoin bull run has not started yet, predicts a strong rally despite the recent price drops.
Samson Mow, the founder of Bitcoin infrastructure company Jan3 says the Bitcoin bull run has yet to start. His comment comes after Bitcoin’s price slipped below $100,000 this week.
“The Bitcoin bull run hasn’t started yet. We’re just marginally outperforming inflation at this price range,” Mow said on Wednesday.
Samson Mow Predicts a Strong Rally Ahead
Data from CoinGecko shows that Bitcoin fell to $99,607 on November 5 before recovering slightly. Analysts say that the drop was likely due to renewed trade tensions between the United States and China.
Still, Mow seems confident that a stronger upside is coming. In several posts on X, he argued that Bitcoin continues to outperform the US inflation rate of around 3 per cent.
SAMSON MOW: "The #Bitcoin bull run hasn’t started yet. We’re just marginally outperforming inflation at this price range." pic.twitter.com/mcdqalUbik
— JAN3 (@JAN3com) November 5, 2025
Mow has been one of Bitcoin’s most vocal advocates for years. Earlier this year, he predicted Bitcoin could surge to $1 million during what he called a “short and violent upheaval.”
This week, he hinted at a possible “Christmas god candle,” and when asked if such a move could happen, Mow replied that he was “not uncertain”.
His comments come at a time when sentiment in the market remains mixed, with some traders expecting more downside before another leg up.
Market Anxiety and Fear of Selling
Macro analyst Jordi Visser recently said Bitcoin might be in an “initial product offering phase,” where older holders are selling and new participants are buying in.
This idea has stirred fears that long-term investors, or “OGs,” are taking profits near the $100,000 mark.
Mow disagrees. He says concerns about veteran holders selling their Bitcoin are exaggerated.
“People are fearful because they created their own theory that OGs are selling above $0.1M, and they may sell more,” he said on X.
“It’s incredible how people are capable of self-owning themselves with fear. Focus on the big picture. Bitcoin is going to add a zero, it’s just a question of when.”
He added that he doesn’t personally know any long-term Bitcoin holders who are selling.
Bitcoin Bull Run Sentiment Still Strong, Says Jan3
While traditional sentiment trackers show fear, Mow’s company Jan3 reports the opposite.
The popular Crypto Fear & Greed Index, which measures market emotion toward Bitcoin, dropped to 23 this week (extreme fear).
SAMSON MOW: “it’s not gonna be a gradual slow increase to $1 million a Bitcoin, but rather a very short and violent upheaval that sends us there in a matter of weeks to months.” pic.twitter.com/0NniNUe5ee
— Bitcoin Teddy (@Bitcoin_Teddy) November 5, 2025
However, Jan3 runs its own index that inverts the traditional measure. According to the firm, Bitcoiners are actually in a “greed” phase because they continue to buy and accumulate rather than sell.
“The market’s crying. Bitcoiners? Still stacking,” Jan3 said “Fear and Greed Index sits at 23, which is the Extreme Greed area. Because Bitcoiners fear missing sats, not Bitcoin price drops.”
Market Remains Divided but Optimistic
While prices remain under pressure, sentiment among BTC supporters like Mow continues to lean positive. Many traders see the recent correction as a normal pause before the next rally.
For now, Bitcoin hovers just below $100,000 and is holding above the year’s key support levels.
Whether the next leg up arrives by the end of the year or stretches into the next, Mow still believes that the true Bitcoin bull run is still to come.
