The idea that Bitcoin is still trapped in a bear market may already be outdated.
Samson Mow believes that 2025 marked the end of the downturn, not the beginning of a new one. Despite Bitcoin slipping roughly 6% over the year, he argues that this was the final stage of consolidation — a necessary reset before a much larger cycle unfolds.
Bitcoin’s history supports part of this argument. The asset has never closed two years in a row in negative territory, which strengthens expectations for a rebound in 2026. Analyst PlanC has publicly supported this logic, stating that surviving 2025 effectively meant surviving the bear market.
Mow’s broader thesis is more radical. He suggests that when measured in Bitcoin terms, traditional assets — equities, real estate, and even gold — gradually lose purchasing power. From this perspective, Bitcoin is not just appreciating; it is redefining how value itself is measured.
If Mow is right, the next decade could represent Bitcoin’s most powerful structural expansion to date.
