Samson Mow Claims Ethereum, XRP, adn Solana Are Overvalued Compared to Bitcoin
Entrepreneur Samson Mow, CEO of JAN3, has a bold take on the crypto market.He believes Ethereum,XRP,and Solana are overvalued when compared to Bitcoin.Mow’s argument centers on Bitcoin’s fixed supply of 21 million coins.
He explains that you can buy one twenty-one millionth of bitcoin for around $85,000. Mow uses this as a benchmark to evaluate other cryptocurrencies. He calls this approach a way to fight “unit bias.” This bias tricks people into thinking a coin is cheaper just because its price is lower.
Mow calculates the equivalent value of other coins using Bitcoin’s supply model.For Ethereum, it’s $9,200; for XRP, it’s $5,800; and for Solana, it’s $3,400. These figures are much lower than their current market values.
Mow predicts Bitcoin’s dominance will rise due to this perceived mispricing. Currently, Bitcoin’s dominance is at 63.71%, as seen on TradingView.
He argues that instead of buying a small fraction of Ethereum, you could get a bigger piece of Bitcoin. Mow believes unit bias confuses new investors.
Bitcoin has a fixed supply, while Ethereum is now deflationary. XRP has a pre-mined supply, and Solana has a decreasing inflation rate. These differences in supply models affect their values.
