Ethereum bag holders will rotate back to Bitcoin: Samson Mow

Key Points

1. Samson Mow claims ETH investors will eventually sell their holdings to buy BTC, creating 'generational bagholders' for ETH.

2. Mow argues that Ethereum has historically been a means for investors to accumulate more Bitcoin, citing the ICO era as an example.

3. The ETH/BTC ratio has doubled since its low in April, with ETH reaching its highest weekly close since November 2021.

4. Ethereum advocate Anthony Sassano views Mow's criticism as a bullish sign for ETH, suggesting continued altcoin growth.

5. ETH is currently 12% below its 2021 all-time high, with strong momentum despite skepticism from Bitcoin maximalists.