Buckle up, crypto enthusiasts—Bitcoin maximalist and JAN3 CEO Samson Mow is dropping bombshells on Ethereum's fleeting fame! In a fiery critique, Mow unveils what he calls a sneaky, recurring scheme behind the wild ETH-BTC price swings. Picture this: Early Ethereum whales, armed with massive Bitcoin stashes, slyly swap their BTC for ETH, igniting hype storms like the "Ethereum Treasury" buzz to inflate its value sky-high.
But here's the brutal twist—Mow warns it's all a calculated ruse. Once ETH peaks on the wave of excitement, these savvy insiders dump their holdings at premium prices, pocketing fat profits and funneling them right back into Bitcoin. Left in the dust? Everyday retail traders clutching bags of depreciated ETH, trapped as unwilling "generational bagholders."
Mow's stark verdict cuts deep: "No one wants ETH in the long run." He paints Bitcoin as the unshakeable king, urging traders to wake up to these orchestrated rotations and shield themselves from the hype machine. Is ETH's shine just a mirage, or a genuine contender? The crypto battlefield rages on—stay vigilant!