Samson Mow Doubles Down on Ethereum Skepticism
Samson Mow, CEO of Bitcoin adoption firm JAN3, has stirred up the crypto community with his blunt take: “No one wants ETH in the long run.” In an X post, Mow alleged that many major Ethereum holders are actually long-time Bitcoin investors rotating their BTC into ETH to pump prices with fresh narratives only to dump Ethereum later and rotate profits back into BTC.
According to Mow, this cycle leaves new investors as “generational bagholders,” especially when psychological resistance near Ethereum’s all-time highs triggers mass profit-taking. He called this the “Bagholder’s Dilemma,” warning traders to plan their moves carefully.
Samson Mow Ethereum Debate Heats Up
Not everyone agrees. ETH advocate Anthony Sassano dismissed Mow’s claims as “old-school Bitcoin maxi rhetoric” and argued such skepticism often signals bullish momentum for Ethereum.
Investor Ted Pillows offered a middle ground—predicting ETH could continue rising, sparking a mini altseason, before money rotates back into Bitcoin and potentially pushes BTC toward $140,000.
Market data shows ETH’s dominance has slipped 10% since late June, despite strong institutional interest and DeFi growth. Yield farming, lending protocols, and higher total value locked (TVL) are pulling users back into the ETH ecosystem, noted Nick Ruck of LVRG Research.
At press time, ETH was trading at $4,299.39 while BTC hovered at $122,003, per CoinGecko. The next few weeks could reveal whether ETH’s rally has lasting power or if another capital rotation back to Bitcoin is imminent.
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