📉 Samson Mo, one of the leading Bitcoin advocates, said: "There is no way for XRP to be worth 5800 dollars… even if we remove the unit bias!"
💡 What does unit bias mean?
It is a psychological effect that makes investors think that the 'cheap' digital currency (like XRP at 2 dollars) is a better opportunity than Bitcoin, which has surpassed 85,000 dollars, just because the former seems lower in price per unit.
Mo explained that this impression is misleading, as many of these currencies have a very large supply that can reach billions or trillions, which artificially lowers the price of a single unit.
The price of each alternative currency can be fairly calculated by dividing the total market value by 21 million units – the total number of Bitcoin units.
Example:
XRP: If calculated this way, its price would reach 5800 dollars.
Ethereum (ETH): market value 193 billion dollars ÷ 21 million = 9200 dollars.
Solana (SOL): the expected price will be around 3400 dollars
However, he clarifies that these calculations are theoretical only and do not reflect the actual or expected market value. The calculated values cannot be relied upon for a real assessment, stressing: “There is no way to make these alternative currencies worth all this,” and the unit bias “deceives new investors” and leads them to wrong decisions due to a poor understanding of supply and demand details.
❌ But according to his opinion?
"All these numbers are imaginary… and Bitcoin will remain the market leader!"
⚡ Share your opinion… Do currencies like XRP really deserve a higher valuation? Or is Bitcoin truly unmatched?
Is it comparable? 💬👇