Samson Mow Says Everything is Trending to Zero Against Bitcoin
Main Idea
Samson Mow argues that Bitcoin is becoming the dominant standard, displacing fiat systems, while criticizing Ethereum's price dynamics and predicting Bitcoin's continued rise.
Key Points
1. Mow claims Ethereum investors are artificially inflating its price by rotating Bitcoin into ETH, potentially creating 'generational bagholders.'
2. He predicts Bitcoin's price could reach $120k-$140k, citing technical indicators like the 50-day moving average and improved market sentiment.
3. Bitcoin's price recently increased by 1.2% in 24 hours, nearing $120k, with expectations of surpassing its all-time high of $123k.
4. Weekly crypto inflows totaled $572 million, with $260 million directed into Bitcoin-centric investments, and Bitcoin ETFs now hold over $138 billion.
5. Mow's comments on Ethereum sparked criticism from the ETH community, highlighting ongoing debates about Bitcoin's dominance versus altcoins.
Description
Mow’s statement is echoing a long-held Bitcoin maximalist belief in which most other assets lose relative value as Bitcoin strengthens over time He has long outlined a trajectory where Bitcoin becomes the global monetary standard, gradually displacing fiat systems Mow said that Ethereum investors are amplifying its price, often by rotating BTC into ETH Samson Mow, entrepreneur and Bitcoin advocate, had a somewhat provocative X post , saying: “Everything is trending to zero against Bitcoin. Don’t...
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