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Samson Mow Calls on ETH Holders to Switch to Bitcoin
Samson Mow, CEO of JAN3, advises those holding Ethereum to convert ETH to Bitcoin before the market adjusts, while also emphasizing the potential impacts on the dynamics of cryptocurrency. Mow's warning suggests a liquidity shift in the market from ETH to BTC, which could impact Bitcoin's dominance and spot prices, sparking debate within the community and discussions on investment strategies. Analysis of Samson Mow's Recommendations Samson Mow, a leading Bitcoin advocate, calls for Ethereum holders to convert ETH to Bitcoin. He warns of the "final opportunity" to sell ETH above 0.03 BTC before a projected correction impacts market momentum. Mow estimates that around 3.5 billion USD of un-staked ETH liquidity could flow into Bitcoin. This potential shift could strengthen Bitcoin's dominant position while putting pressure on Ethereum's market position. This move has garnered significant attention from the cryptocurrency community. Bitcoin maximalists agree with Mow's perspective, while Ethereum supporters express skepticism about its long-term viability. Mow refers to the potential Bitcoin reserves of the U.S. Treasury as a factor reinforcing the outlook for BTC, in contrast to the potential liquidity issues that Ethereum may face due to speculative sell-offs. Historical trends show a similar rotation between Bitcoin and Ethereum during the 2017 ICO cycle, and it is likely to repeat now. Market participants are closely observing these patterns for signs of a re-emergence cycle. In an interview, Mow stated: "Let me explain what is happening with ETHBTC. Most of the people holding ETH have a lot of BTC (ICO/people involved) and they are rotating that BTC into ETH to pump it into the new stories (of Ethereum Treasury)."
"When they have raised it high enough, they will dump their ETH, creating a new generation of holders, and then rotate the profits back into BTC." The change in the ETH/BTC ratio also attracts industry analysis in the context of expected liquidity volatility.