In 2025, Bitcoin has achieved an astonishing milestone, hitting a new all-time high of $124,500. This remarkable surge has sparked varied predictions about Bitcoin’s trajectory, particularly from prominent figures in the cryptocurrency space, including Bitcoin pioneer Samson Mow. According to Mow, the future of Bitcoin can unfold in two distinct ways: it could either soar into uncharted price territories or experience a pause to accommodate the anticipated altcoin season.
Bitcoin’s recent price increase of 3.5% on platforms like Coinbase has propelled the total cryptocurrency market capitalization to a staggering $4.26 trillion, marking a significant milestone for the industry. Mow elaborated on the potential paths Bitcoin could take, stating,
“We Godzilla or Omega up, suck all the oxygen out of the room, and altcoins drop 30-40%,”
or, alternatively, he suggests that an “alt mania” could trigger a massive sell-off, where the “Bagholder’s Dilemma” comes into play, leading to a brief dip in Bitcoin’s value before it rebounds.
Mow further highlighted the disparity between Bitcoin and Ethereum (ETH), asserting that it is improbable for Ethereum to maintain a market valuation equivalent to 4,600,000 BTC. He expressed skepticism regarding Ethereum’s ability to break its all-time highs, as investors may be inclined to sell as it approaches significant psychological price levels. In contrast, Mow believes Bitcoin’s potential for growth remains intact, despite its recent underperformance compared to Ethereum, which has surged by 58% over the past 30 days, against Bitcoin’s modest 3.5% increase.
The CEO of Jan3 remarked on the historical patterns observed in cryptocurrency markets, predicting further all-time highs for Bitcoin. However, he warned of a potential pullback due to the current overexcitement in altcoins. Mow emphasized,
“This is just how it’s always been.”
This sentiment is echoed by the decline in Bitcoin’s market dominance, which has fallen approximately 10% since late June, dipping below 60% for the first time since January 2025. Such declines in Bitcoin dominance often signal the onset of an altcoin season.
Industry experts are observing a shift in investor interest, with some suggesting that decentralized finance (DeFi) assets may take center stage. Henrik Andersson, chief investment officer at Apollo Capital, noted that
“ETH and DeFi assets will continue to outperform here, supported by the regulatory environment and the tokenization of real-world assets.”
The total value locked in DeFi is currently at its peak, contributing to a rapid increase in DeFi revenue.
Additionally, Nick Ruck, director at LVRG Research, indicated that Bitcoin could experience consolidation at current levels, highlighting that the declining dominance of Bitcoin and rising altcoin volumes suggest that an altseason is beginning. This shift is primarily driven by Ethereum’s outperformance and speculative inflows into DeFi tokens.
As the cryptocurrency landscape continues to evolve in 2025, the dynamics between Bitcoin and altcoins will undoubtedly shape investor strategies and market trends. For ongoing updates and insights into the cryptocurrency market, visit Cointelegraph.
