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BTC Strive CEO declares the end of the Bitcoin bear market, predicting strong market for the next 12-18 months
Strive CEO Matt Cole announced that the Bitcoin bear market has ended, citing a key technical indicator that historically has predicted major price trends. In a post on platform X, Cole used the ratio of bitcoin to gold as a leading indicator, pointing out that bitcoin had bottomed out relative to gold in February and against the dollar in July. He believes that the upward trend against both assets confirms the end of the bear market period and lays the foundation for a strong 12 to 18 months ahead.
Technical Signals and Market Background
Cole's analysis is based on a chart of Bitcoin and gold, which he said has been a reliable predictor of Bitcoin's dollar-denominated price over the past two years. He observed that Bitcoin peaked relative to gold in December 2024, while its dollar price peaked in October 2025. The recent bottom-building pattern against gold and the US dollar, followed by a clear upward trend, convinced him that the bear market was completely over.
This technical view is consistent with broader market observations. Bitcoin's price trend in 2025 is characterized by high volatility and is influenced by macroeconomic factors, regulatory developments and changes in investor sentiment. Cole's interpretation of the bitcoin to gold ratio provides a long-term perspective that many traders use to assess the asset's relative strength relative to traditional stores of value.
Structural tailwinds: Weak US Dollar, Depreciation and Artificial Intelligence Demand
[TAG In addition to technical factors, Cole also identified several structural factors that could support bitcoin prices in the coming months. He pointed to the chronic weakness of the dollar, continued currency depreciation, and growing demand for scarce assets as artificial intelligence develops. He believes that these factors create a favorable environment for bitcoin, which is often seen as a hedge against inflation and monetary expansion. [TAGCole also noted that if Bitcoin continues to outperform gold, it could attract more money from the broader market for scarce assets. Investors seeking a store of value may increasingly turn to Bitcoin because its returns exceed traditional safe-haven assets. This potential capital inflow, coupled with structural tailwinds, convinced Cole that the next Bitcoin cycle could be stronger than ever.
What this means for investors
Cole's statement is significant because he is the CEO of an asset management company that focuses on Bitcoin and digital assets. His views provide reasons for optimism based on data, which could affect institutional and retail sentiment. For investors, understanding the signals he quoted can provide a framework for evaluating Bitcoin's long-term trend, transcending short-term price fluctuations.
It is worth noting that market forecasts are inherently uncertain. Although Cole's analysis is based on historical patterns and current trends, Bitcoin remains a highly volatile asset. Investors should consider a variety of factors and seek professional advice before making investment decisions.
Conclusion
Matt Cole's assertion that the Bitcoin bear market is over is based on technical analysis and macroeconomic trends. He believes Bitcoin is entering a strong 12-to 18-month cycle, supported by a weak U.S. dollar and growing demand for scarce assets, providing a compelling narrative for the future of cryptocurrencies. However, as with all market forecasts, caution is needed, and investors should remain well-informed and diversify their portfolios.
FAQs
Q1: What is the bitcoin-to-gold ratio and why is it important?
The bitcoin to gold ratio measures the price of bitcoin relative to gold. Some analysts use it as a long-term indicator of Bitcoin's value relative to traditional stores of wealth. The increase in this ratio suggests that Bitcoin is outperforming gold, which can be seen as a bullish signal.
Q2: What does Matt Cole mean by "currency devaluation"?
Currency devaluation refers to a decrease in the purchasing power of a currency, usually due to inflation or an increase in the money supply. Cole believes that the continued decline of the dollar makes scarce assets like Bitcoin more attractive as a store of value.
Q3: Is the Bitcoin bear market sure it is over?
No, this is not certain. Cole's views are based on technical indicators and current trends, but the cryptocurrency market is highly unpredictable. Other analysts may have different interpretations, and investors should consider a variety of views.
