Renewed optimism in bitcoin’s trajectory is gaining momentum among market observers, with growing speculation that the recent market downturn could set the stage for a new bullish phase. Bitcoin technology company Jan3 CEO Samson Mow stated on social media platform X on Oct. 11 that the recent correction exposed structural weaknesses in alternative digital assets and could redirect significant capital back toward bitcoin.

“It’s time for bitcoin’s next leg up,” he asserted, predicting:

Yesterday’s purge is likely the catalyst for the real bitcoin bull market. Plan accordingly.

Mow explained: “Many alts/memecoins were sitting at ridiculous valuations and distorting the market. When the tide went out, it became clear that there was absolutely nothing there but air. There is no liquidity. There are no buyers. All the companies pushing alts as a base asset for ETFs and corp treasuries will struggle from now on.”

The Jan3 CEO predicted:

Massive amounts of capital will flow back to bitcoin as a new generation of bitcoin maximalists are born.

Mow’s perspective aligns with a broader narrative among bitcoin advocates who argue that capital consolidation into bitcoin will reinforce its dominance as the core digital asset. Recently, he reiterated that “the bitcoin bull run hasn’t started yet,” cautioning that the cryptocurrency was “just marginally outperforming inflation.”

While skeptics highlight ongoing volatility and liquidity challenges, supporters contend that bitcoin’s finite supply and decentralized nature continue to offer long-term resilience in contrast to the fragile structures of many altcoins.

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