"No way XRP is worth $5,800"
New name for 1-21-millionth unit proposed by Mow
Bitcoiner Samson Mow published a tweet, suggesting that even if top altcoins had a total coin supply similar to that of Bitcoin, BTC would still beat them in terms of price per coin.
Mow stated that most altcoins are taking advantage of the so-called unit bias – a psychological effect which appears since due to their huge supplies of billions and sometimes even trillions on coins the price per one coin seems cheaper than that of one BTC.
If this bias is removed, he says, then mathematically, these altcoins should be worth several thousand of dollars each. But Mow doesn’t believe in these theoretical figures, saying that Bitcoin would still have a much higher market dominance.
