Samson Mow, an entrepreneur and Bitcoin advocate, made a rather provocative post on X, stating: "Everything is trending toward 0 for Bitcoin. Never forget that."

His statement reflects the long-held belief of Bitcoin maximalists that most other assets (whether fiat money, altcoins, or even gold) lose relative value as Bitcoin strengthens over time. It is a comment on Bitcoin's relative superiority and the idea of a future where BTC becomes the dominant store of value.

Mow has long outlined a roadmap for Bitcoin to become the global monetary standard, gradually replacing the fiat currency system. He envisions a world where everything is priced in Bitcoin, with national treasuries and daily transactions changing accordingly.

Mow's broader argument is based on the limited supply of Bitcoin, the decrease in issuance (through halving cycles), and the increasing demand from both governments and businesses. He argues that this imbalance between supply and demand is the key factor causing all other assets to depreciate in comparison.

A few days ago, he mentioned Ethereum, a currency not supported by some ETH communities. Mow stated that Ethereum investors are driving prices up, often by rotating Bitcoin into ETH, citing 'Ethereum fund managers.'

He continued to say that once ETH significantly rises in price, these investors will panic sell ETH, creating a 'new generation of stock holders,' and then transfer their profits back to BTC.

Bitcoin is Approaching Its All-Time High

Some analysts predict that Bitcoin will have a bullish August, citing technical strength, reclaiming the 50-day moving average, and improved sentiment as catalysts for a continued upward trend to $120,000 - $140,000.

This cryptocurrency has risen about 1.2% in the past 24 hours and is currently fluctuating around $120,000. Many cryptocurrency enthusiasts expect Bitcoin to soon surpass $123,000, thereby setting a new all-time high (the current all-time high was in July).

Data shows that weekly inflows of cryptocurrency reached $572 million, including about $260 million directly transferred into Bitcoin-focused products.

The increasing participation of large companies in Bitcoin is helping to enhance the maturity of the market and making it less and less regarded as a risky asset. Looking at data from a few weeks ago, over $138 billion is currently held in Bitcoin ETF funds, indicating that this currency is gradually gaining wider acceptance in the financial world.