Bitcoin Maximalist Dey Judge Altcoin Valuations As Market Dey See Am & Unit Bias
Samson Mow, wey be CEO of JAN3 and strong Bitcoin supporter, don talk say e dey doubt how dem dey value altcoins like Ethereum, XRP, and Solana. E dey argue say dem dey overrate these altcoins because investors dey look at the unit price, wey make dem dey look cheaper because dem get plenty supply compared to Bitcoin wey get limited supply. Mow dey suggest make dem re-adjust how dem dey value altcoins using Bitcoin capped supply model, e dey put hypothetical values of $9,200 for Ethereum, $5,800 for XRP, and $3,400 for Solana if dem measure am against Bitcoin principles. As altcoin seasons dey near, Mow dey expect say Bitcoin market power go strong more, wey institutional interest and ETF money go support. Right now, Bitcoin dey trade at $88,530, dey maintain upward trend. Mow analysis dey show Bitcoin perceived superior fundamentals, dey challenge investors to think about altcoin market perception again.
Neutral
Even though Samson Mow dey criticise, e fit change how people see altcoin price, but as market dey now, with big companies wey dey show Bitcoin love and ETF money wey dey enter, e mean say market no go shake too much. Wetin Mow talk fit make some investors think about their altcoin investments again, but Bitcoin strong position and people wey dey like am from old-school finance side, dey keep am steady. Traders fit see am as chance to fix their investments without thinking say market go change too much. Since before, Bitcoin power no dey always mean say market go fall or rise, because altcoins still fit do their own thing.