Samson Mow Says ETH Pump Just a Detour Back to BTC

Mow, the CEO of Companies aimed at Bitcoin Jan3, Specified on August 10 This early adoptive parent of Ethereum, especially those who already hold large amounts of bitcoin, are behind the recent reinforcement of the prices of Ethereum.

Claimed that these were Carriers temporarily use their Bitcoin to buy Ethereum to push new narrativeslike an increase in the etherum of Tersory Strategies. However, Mow said their goal was not to stay in Ethereum in the long run.

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Mow wrote: “He will reject his eth, creating new generational excavators, and then he will turn the winning back to BTC. No one wants ETH in the long run.”

He warned that can be hard for Ethereum to reach new peaks. As prices increase these levels, many investors will be tempted to sell. He described this as a “dilemma of excavators”, where the pressure to take profits increases as the price becomes higher.

One key metric he addressed was Eth/Btc The ratio, which shows how much Ethereum is worth compared to Bitcoin. This ratio is currently 0.036, which in April doubled the five -year low of 0.018.

Some believe that it might mean that Ethereum begins to run the market, but the hair disagrees. He said:

Ethereum has always been a means of these people to get more bitcoin.

In the meantime, Willy Woo recently shared his views on what holds Bitcoin to become a true digital reserve. What did he say? Read the whole story.