‘No One Wants ETH in the Long Run’—Samson Mow Warns of BTC-Driven Pump and Dump
Main Idea
Samson Mow, CEO of JAN3, claims that a cyclical trading pattern benefits BTC over ETH, where actors inflate ETH's value temporarily before selling it off to reinvest in BTC, asserting that BTC is the long-term preference.
Key Points
1. Samson Mow alleges a cyclical trading pattern where actors buy ETH to boost its value with hype-driven narratives, then sell at inflated prices.
2. Profits from ETH sales are shifted back into BTC, leaving retail traders with devalued ETH holdings.
3. Mow asserts that this pattern reflects a market reality where BTC is preferred over ETH in the long term.
4. He warns that 'no one wants ETH in the long run,' emphasizing BTC's dominance.
Description
A prominent bitcoin advocate and JAN3’s CEO, Samson Mow, alleged a cyclical trading pattern fueling recent ETH- BTC price shifts. He claimed that early ethereum investors—many holding substantial bitcoin reserves—are rotating BTC into ETH to boost its value with hype-driven narratives, such as “Ethereum Treasury” campaigns. According to Mow, the strategy ends when these actors
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