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Strive CEO Matt Cole believes <a href="https://xpertsstudio.com/is-bitcoin-rally-turning-into-altseason/” title=”Is Bitcoin Rally Turning Into Altseason?”>Bitcoin is entering the strongest cycle in its history.
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Bitcoin’s breakout against gold and the dollar suggests the latest bear market may be over.
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A weaker dollar and AI-driven demand for genuinely scarce assets could fuel Bitcoin’s rise.
Strive CEO Matt Cole says Bitcoin may be entering the strongest cycle in its history as a weakening dollar, artificial intelligence-driven abundance and improving performance against gold create an unprecedented macroeconomic setup.
Cole argued that investors may be underestimating Bitcoin’s upside after the cryptocurrency broke higher against both the US dollar and gold.
He believes the BTC/gold ratio, which previously anticipated major turning points in Bitcoin’s dollar price, suggests the latest bear market has ended.
“This setup has me more bullish on Bitcoin today than I have ever been,” Cole wrote, arguing that the greater risk for Bitcoin-focused companies could be failing to capture enough upside.
Bitcoin-Gold Ratio Signals a Major Cycle Shift
Cole described Bitcoin’s performance against gold as a leading indicator that identified both the last market top and the latest bottom months before BTC/USD confirmed either move.
Bitcoin peaked against gold in December 2024 but continued making dollar-denominated highs until October 2025.
According to Cole, that divergence exposed weakening demand beneath the headline rally, with Bitcoin losing ground against another scarce monetary asset even as its nominal price rose.
The opposite happened during the bear market. Bitcoin bottomed against gold in February 2026, approximately five months before its dollar price reached a low in July.
Bitcoin has now broken out against both assets, strengthening Cole’s conviction that a new cycle has begun. While he acknowledged that a significant retracement remains possible, he expects investors to buy any substantial decline aggressively.
The signal appears particularly notable because Bitcoin’s weakness occurred while capital markets remained open and major equity indexes reached record highs.
Unlike previous crypto downturns, the latest bear market was relatively concentrated in Bitcoin and related companies.
Dollar Weakness and AI Could Fuel the Scarcity Trade
Cole’s bullish case rests on two structural forces that Bitcoin has never experienced simultaneously.
First, he expects the dollar to enter a long-term decline. A weaker dollar, accompanied by continued monetary debasement, could push investors toward assets that governments and central banks cannot easily produce.
Source: finance.yahoo.com