Bitcoin Bull Run Delayed: Samson Mow Sees Long-Term Potential Despite Recent Price Drop

Despite a recent 48% drop in trading volume to $59.47 billion, Bitcoin’s price has climbed to $103,132 in the past 24 hours. This marks a new all-time high for Bitcoin. Analyst Samson Mow believes this is only an early stage of a long-term bull run, which could take years to realize. He attributes this to growing DeFi applications and increased institutional investment as key drivers behind the growth.