 ▲ Bitcoin (BTC) / ChatGPT-generated image |
After four consecutive months of decline, Bitcoin (BTC) has reached a critical threshold for a historic rebound, driven by massive capital inflows shifting from gold and silver and an intensifying supply shock.
In an interview with Cointelegraph on February 6 (local time), JAN3 CEO Samson Mow said Bitcoin is currently under pressure from all directions, likening it to a compressed spring. He noted that while precious metals markets and AI-related stocks have seen explosive price surges recently, Bitcoin alone recorded four straight months of bearish closes—an unusual trend. Given that gold’s market capitalization of around $20 trillion nearly doubled in a short period, Mow said the strength of Bitcoin’s rebound is likely to exceed market expectations.
Mow directly challenged the widely accepted four-year cycle theory for Bitcoin. He warned that blindly following past patterns is risky in the current environment, where structural changes in Bitcoin adoption have taken place. With growing participation from institutional investors, Bitcoin treasury-adopting companies, and even nation-states, market dynamics have fundamentally evolved. He emphasized that companies continuously accumulating Bitcoin represent what he calls “infinite bids,” creating a market environment entirely different from the past.
Addressing concerns about quantum computing as a potential threat to digital assets, Mow offered a clear stance. He argued that quantum computers would pose a far more severe risk to traditional banking systems and government infrastructure than to Bitcoin. The Bitcoin network, he said, has the flexibility to rapidly upgrade through node coordination and community consensus should such threats become real. Mow dismissed the quantum threat narrative as a tool for spreading fear, comparing it to a fake hole painted on an elevator floor.
Mow even raised his 2026 Bitcoin price target from $1 million to $1.33 million. He expects Bitcoin to absorb value from gold and replace real assets such as real estate as a store of value, leading to explosive price appreciation. Based on calculations that only the capital power behind gold’s market cap doubling from around $20 trillion could drive a tenfold rise in Bitcoin, he asserted that the upside is more than sufficient. He concluded that Bitcoin will solidify its status as digital gold and ultimately replace the broken fiat currency system with a sound monetary system.
The digital asset market is expected to react extremely sharply once a supply shock occurs. Current Bitcoin holders are showing strong unity as ultimate buyers and holders, treating price declines as opportunities for discounts. The pattern of companies like Strategy accumulating Bitcoin at lower average prices during downturns is accelerating supply scarcity. While Bitcoin immediately reflects economic concerns due to its high liquidity, its limited supply is expected to inevitably lead to long-term value appreciation.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. The publisher is not responsible for any investment losses based on this content.