Strive’s Matt Cole Calls Bitcoin Bear Market Over After Record Weekly Gain
Strive CEO Matt Cole points to Bitcoin's largest weekly dollar gain on record and a BTC/gold breakout as proof the bear market has ended.
Bitcoin just posted its largest weekly gain in dollar terms in its history, and Strive CEO Matt Cole says that single data point, paired with a breakout against gold, marks the end of the bear market.
Cole’s call rests on two moves happening in the same week: Bitcoin broke out against the US dollar, and it broke out against gold. He argues the combination has historically been rare enough to matter.
Why the BTC/gold ratio matters
Cole’s central argument is about sequencing, not just magnitude. He says the Bitcoin-to-gold ratio has tended to turn higher before Bitcoin’s dollar price does at prior cycle inflection points.
If that pattern holds, a fresh breakout in the BTC/gold ratio would function as a leading signal for dollar-denominated price action, arriving ahead of the move traders actually watch on exchange tickers.
Gold has been one of the strongest macro assets of the current cycle, so a ratio breakout means Bitcoin is not merely rising, it is outperforming an asset that itself has been climbing.
A record week in dollar terms
The Block reported that Bitcoin’s latest weekly advance is the largest dollar gain the asset has ever recorded in a single week. That figure alone has drawn attention from traders tracking momentum after a rough stretch for the market.
Cole frames the two data points together, the record dollar gain and the gold breakout, as confirmation that the drawdown phase is behind the market rather than a temporary bounce inside a longer downtrend.
The next cycle call
Cole went further, telling followers he now expects the next Bitcoin cycle to be the strongest one yet. That is a forward-looking view, not a guaranteed outcome, and it should be read as one executive’s interpretation of the current price action rather than a settled forecast.
Strive, the asset manager Cole leads, has built part of its public profile around bullish Bitcoin positioning, which is useful context for readers weighing how much weight to give the call.
For holders, the practical takeaway is narrower than the headline. A record weekly dollar gain and a gold-ratio breakout are real, verifiable data points. What they mean for the months ahead is still an opinion, not a fact on the chain.
Read more: Bitcoin Rebounds 23% to $77,412, Pantera Capital Eyes $80,000 Next
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