Samson Mow, CEO of JAN3, shared his views on the future of cryptocurrencies, once more rejecting the idea that Ethereum could surpass Bitcoin.
Samson Mow's View on Bitcoin and Ethereum
Mow criticized Tom Lee's recent assertion from Fundstrat regarding Ethereum potentially flipping Bitcoin. He stated that he believes Ethereum will never surpass Bitcoin. Referring to the upcoming unstaking of 768,400 ETH, which could exert market pressure on Ethereum, Mow remarked: 'The flippening will never happen but the unstakening is coming.'
Controversy Surrounding Tom Lee
Tom Lee, who was previously a staunch Bitcoin supporter, has recently begun suggesting that Ethereum should surpass Bitcoin. This stance has sparked backlash from the Bitcoin community, particularly since his company BitMine Immersion Technology has amassed a significant amount of Ethereum while still promoting the Bitcoin logo.
Forecasts for Bitcoin
In his recent comments, Mow proposed two potential scenarios for Bitcoin's price. The first scenario involves Bitcoin rising significantly, causing altcoins to drop by 30-40%. The second scenario anticipates that after the peak interest in altcoins, a massive sell-off would occur, leading to a brief decrease in Bitcoin's value before it rises again.
Opinions on the future of cryptocurrencies continue to be polarized, with significant figures in the industry like Samson Mow and Tom Lee offering differing perspectives on the prospects of Bitcoin and Ethereum.
