Ethereum bag holders will rotate back to Bitcoin: Samson Mow
Bitcoin maximalist Samson Mow predicted ETH investors will rotate back to BTC, but previous market cycles suggest altcoin growth patterns will continue.
Bitcoin pioneer Samson Mow predicted Ethereum investors will switch back to Bitcoin once ETH prices get high enough, potentially reversing a five-week surge in Ether.
Still, historical market cycle patterns may indicate otherwise.
“Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s),” said the CEO of Bitcoin adoption firm Jan3 on Sunday.