'No One Wants ETH in the Long Run' - Samson Mow Warns About Pump and Dump Activities Driven by BTC

A prominent bitcoin advocate and CEO of JAN3, Samson Mow, has accused a cyclical trading model of driving the recent ETH-BTC price changes. He claims that early ethereum investors - many of whom hold significant bitcoin reserves - are rotating BTC into ETH to inflate its value with hype stories, such as the 'Ethereum Treasury' campaigns.

According to Mow, this strategy ends when these individuals sell ETH at a high price, leaving retail traders holding depreciated assets while transferring profits back to BTC. He asserts that this model reflects market reality, where bitcoin remains the preferred long-term choice over ethereum, while warning, 'No one wants ETH in the long run.' His remarks serve as a cautionary note for traders to prepare for the orchestrated market rotation and avoid becoming 'bag holders of a generation.'