Samson Mow Predicts ETH to BTC Rotation Amidst Ether Surge
Bitcoin proponent Samson Mow predicts that Ethereum investors will rotate their gains back into Bitcoin after Ether reaches a sufficiently high valuation. This comes as Ether experiences a significant surge, approaching its all-time highs.
Mow, CEO of JAN3, suggests early ETH holders, many of whom sold Bitcoin to acquire Ether, will sell their ETH holdings to reinvest in BTC. He believes "no one wants ETH in the long run" and that ETH will face challenges breaking its all-time highs due to a "Bagholder's Dilemma."
This perspective contrasts with the ETH/BTC ratio, which has doubled from its recent low, showing Ether's outperformance. Market observers like Ted Pillows anticipate a "mini altseason" following Ether's new peak before capital flows back to Bitcoin, reflecting historical crypto market rotation patterns.