Samson Mow, CEO of Bitcoin adoption firm JAN3 and prominent Bitcoin supporter, has issued a warning to Ethereum and other altcoin holders, urging them to sell everything and jump on the Bitcoin bandwagon while there’s still a chance.
Mow wasn’t sharing that someone who is 1 million tall in Bitcoin’s current cycle was as “weird” as some might think.
"Buy it and get Bitcoin": Samson Mow
Mow tweeted a “note of caution” to “all s-coin speculators.” “Whatever is happening to Ethereum right now, it’s going to be its purpose to increase excitement right now,” he said. This will always be the case, he claimed. Accordingly, he suggested that they sell ETH and all other altcoins they hold and instead go into Bitcoin: “Buy it while you still can and get #Bitcoin.”
A note of caution to all Shitcoin speculators: Those who currently own Ethereum are going to change everything in an exciting way right now. It's always been this way and it always will be this way. Buy it while you can and get #Bitcoin.
— Samson Mow (@Excellion) November 20, 2024
This week, Ethereum, the second-largest cryptocurrency by market cap, fell behind Bitcoin, a fact Dogecoin co-founder Billy Markus emphasized in an upcoming tweet.
But crypto analyst Ali Martinez thinks ETH is about to surpass BTC as is the case with crypto. He expects Ethereum to make test runs of $4,000 and $6,000 and then perhaps skyrocket to $10,000.
kart
Bitcoin supply shock is coming, says Mow
Over the past year, Mow has been predicting a Bitcoin supply shock in the near future, having now issued his prediction twice. In January, while the SEC was approving spot Bitcoin ETF trading, the JAN3 boss tweeted that the Bitcoin halving would create a BTC supply shock, while practical ETFs would create a demand shock.
When the two collide, the leading cryptocurrency will skyrocket to $1 million. Now, with Bitcoin just shy of its new all-time high of $94,000, Mow tweeted that most people had no idea what a supply shock looked like, but “they’re about to find out.”
Most people have no idea what a Supply Shock looks like, but they're about to find out.
— Samson Mow (@Excellion) November 19, 2024
Mow responded to a criticism that took his $1 million Bitcoin prediction and called it "crazy." Mow said that while the US debt's performance at#36after a period when "your grandparents paid $15 for a hamburger" was indeed crazy, the fact that Bitcoin was potentially worth $1 million was not crazy.
