‘Sell It and Buy Bitcoin While You Still Can’: Samson Mow to ETH Holders

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As a seasoned researcher with a decade-long immersion in the cryptocurrency realm, I find myself intrigued by Samson Mow’s perspective on the crypto market. Having closely observed the industry’s ebb and flow since its early days, I can attest to the cyclical nature of altcoin performance relative to Bitcoin.

Samson Mow, prominent Bitcoin supporter and CEO at JAN3, a company focused on Bitcoin adoption, has issued a friendly warning to holders of Ethereum and other altcoins, urging them to dump everything and jump on the Bitcoin bandwagon while there is still a chance.

As a seasoned crypto investor, I wholeheartedly agree with Mow’s perspective that the prediction of Bitcoin hitting $1 million isn’t an outlandish idea at all in this cycle. Some skeptics might think otherwise, but let me explain why I see it as a very plausible scenario.

“Sell it and buy Bitcoin”: Samson Mow

“Cash out and buy #Bitcoin before it’s too late.

Here’s a suggestion for paraphrasing the given text in a more natural and easy-to-understand manner:

— Samson Mow (@Excellion) November 19, 2024

This week, Ethereum, currently the second largest cryptocurrency in terms of market value, has been trailing behind Bitcoin. This observation was also made by Billy Markus, one of Dogecoin‘s co-creators, in a recent tweet he posted.

Nevertheless, cryptocurrency expert Ali Martinez anticipates that ETH could outshine BTC during this crypto cycle. He predicts Ethereum will challenge the $4,000 and $6,000 price points before potentially reaching as high as $10,000 per coin.

Bitcoin supply shock coming, Mow says

Over the past year, Mow foresaw an imminent Bitcoin supply shortage, and now he’s reinforced his belief in this prediction. Back in January, when the SEC green-lit spot Bitcoin ETF trading, the head of JAN3 took to Twitter, stating that the Bitcoin halving would trigger a BTC supply scarcity, while ETFs would spur a demand surge.

If those two factors collide, it’s expected that Bitcoin will soar to an astounding $1 million. With Bitcoin recently setting a record high at around $94,000, Mow expressed on Twitter that although most people are unaware of what a supply shock is, they’re on the verge of experiencing it.

Most people have no idea what a Supply Shock looks like, but they’re about to find out.

— Samson Mow (@Excellion) November 19, 2024

Mow also responded to a critic who ridiculed his $1 million Bitcoin prediction, calling it “crazy.” Mow said that having a U.S. debt reaching $36 trillion after “your grandparents used to pay 15 cents for a hamburger” is crazy indeed, but not Bitcoin potentially reaching $1 million per coin.

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2024-11-20 15:10