"No one wants Ethereum for the long term": Samson Mow
According to Samson Mow, large holders are rotating from $BTC to $ETH to inflate its price, but he does not see the latter as an asset to think about for the future.
According to Mow, ether will face obstacles to surpass its all-time high.
For the specialist, bitcoiners should not fear a potential bearish breakout in ETH/BTC.
The businessman and bitcoin (BTC) advocate Samson Mow sparked a debate about ether (ETH), with a series of posts in which he warns that it is not an asset to hold for the long term.
In his analysis, Mow pointed out that, according to his view, the current movement of the ETH/BTC pair responds to a strategy of large ether holders, who also own considerable amounts of bitcoin. "They are rotating that BTC into ETH to inflate it with new narratives," he stated.
According to Samson Mow, large holders are rotating from $BTC to $ETH to inflate its price, but he does not see the latter as an asset to think about for the future.
According to Mow, ether will face obstacles to surpass its all-time high.
For the specialist, bitcoiners should not fear a potential bearish breakout in ETH/BTC.
The businessman and bitcoin (BTC) advocate Samson Mow sparked a debate about ether (ETH), with a series of posts in which he warns that it is not an asset to hold for the long term.
In his analysis, Mow pointed out that, according to his view, the current movement of the ETH/BTC pair responds to a strategy of large ether holders, who also own considerable amounts of bitcoin. "They are rotating that BTC into ETH to inflate it with new narratives," he stated.
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ETH
4,620.28
-0.82%