Altcoins News
By Sakamoto Nashi
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Mow’s View: ETH Is Just a Step Toward More Bitcoin. Mow, CEO of Bitcoin adoption company JAN3, shared his thoughts on social media this week.
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The “Bagholder’s Dilemma”. Mow also explained why he believes ETH will struggle to hit new record highs.
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Others See an Altcoin Rally Ahead. Not everyone agrees with Mow’s bearish outlook for ETH.
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Ethereum Advocates Push Back. Ethereum supporter Anthony Sassano dismissed Mow’s comments, calling them “old school Bitcoin…
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Why ETH Is Pumping Now. Ethereum has seen a big jump in price over the past five weeks.
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Bitcoin Dominance Slips. One way to track the balance of power between BTC and altcoins is through Bitcoin dominance—the…
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ETH Price at 3-Year Highs. Ethereum just had its highest weekly close since November 2021.
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What’s Next?. The crypto market often moves in cycles:
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Bitcoin supporter Samson Mow believes many Ethereum (ETH) investors will soon sell their holdings and return to Bitcoin (BTC).
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Mow, CEO of Bitcoin adoption company JAN3, shared his thoughts on social media this week. He claimed that most big ETH holders also own a lot of Bitcoin.
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His prediction is that once ETH reaches a high enough price, these same investors will sell, locking in profits, and then move the money back into Bitcoin.
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“They’ll dump their ETH, creating new generational bagholders, and then rotate the gains back into BTC,” Mow said. He added bluntly: “No one wants ETH in the long run.”
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Mow also explained why he believes ETH will struggle to hit new record highs. He called it the “Bagholder’s Dilemma”—the closer a price gets to its all-time high, the more…
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Despite ETH’s recent strong performance, Mow doesn’t think Bitcoiners should worry about the ETH/BTC ratio—a measure of how much ETH is worth compared to BTC.
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Investor Ted Pillows predicts a different scenario:
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