Samson Mow, CEO of JAN3 and a vocal Bitcoin advocate, issued several warnings for Ethereum holders, highlighting potential financial risks.
Warning for Ethereum Holders
Samson Mow urged ETH holders to take action, stating that they have a last chance to sell their assets above 0.03 BTC. According to Mow, there are currently 768,400 ETH awaiting unstaking on the Ethereum network, equivalent to approximately $3.5 billion. He noted that these funds could potentially flow into Bitcoin.
Samson Mow's Predictions for Bitcoin
Mow is known for his ambitious forecasts regarding Bitcoin, particularly anticipating that its price will ultimately reach $1 million per coin. He links this possibility to specific market conditions such as supply and demand. However, Mow noted that his previous predictions have not materialized as expected.
General Trends in the Crypto Market
Despite market fluctuations, Bitcoin continues to set new all-time highs. Recently, Bitcoin surpassed the $124,000 level. Additionally, initiatives such as the creation of a Strategic Bitcoin Reserve are being discussed, which may impact Bitcoin demand in the market.
Samson Mow's remarks highlight the risks associated with holding Ethereum and suggest that holders pay attention to potential changes in the crypto market in light of upcoming events and predictions.
