Bitcoin Expert Samson Mow Urges Investors to Convert Altcoins to Bitcoin

Samson Mow, CEO of JAN3 and an influential Bitcoin advocate, has advised Ethereum and other altcoin holders to consider selling their investments and aligning with Bitcoin.

"Sell and Buy Bitcoin"

Mow issued a "note of caution" on Twitter, emphasizing that the current underperformance of Ethereum compared to Bitcoin is a recurring pattern in the cryptocurrency market. He strongly recommends disposing of ETH and altcoins and purchasing Bitcoin instead: "Sell it and buy #Bitcoin while you still can."

Potential for Bitcoin to Reach $1 Million

Mow also reiterated his belief that Bitcoin has the potential to reach $1 million in the current cycle, dismissing it as "not strange" as some suggest. He attributes this potential to a confluence of factors, including a supply shock due to Bitcoin's limited issuance and increased demand driven by exchange-traded funds (ETFs).

Supply Shock on the Horizon

Mow has consistently predicted a Bitcoin supply shock, which he believes will lead to a surge in price. With Bitcoin recently reaching a peak above $94,000, he anticipates that the supply shock is imminent: "Most people have no idea what a Supply Shock looks like, but they're about to find out."

Response to Criticism

Mow responded to critics who deemed his $1 million Bitcoin prediction as "crazy." He countered that the current economic landscape, with the U.S. debt at $36 trillion, is more outlandish than the potential for Bitcoin to reach a high value.