Is Bitcoin's Rarity Making Altcoins Look Overpriced? JAN3 CEO Samson Mow Thinks So!

Bitcoin's Fixed Supply Shakes Up Altcoin Valuations

Hang onto your hats, crypto fans! Samson Mow, the fiery CEO of JAN3, just dropped a bombshell on the altcoin scene. He's out here claiming that big names like Ethereum, XRP, and Solana are seriously overvalued when you stack them up against Bitcoin's rock-solid, fixed supply model. Talk about shaking things up!

Mow isn't pulling any punches. He's calling out what he sees as "unit bias" in the altcoin world, where the sheer number of coins can make them seem cheap, but Mow's not buying it. "You can buy one twenty-one millionth of the BTC supply for ~$85,000," he blasted on X. That's right, he's breaking it down to the basics, showing us what a piece of Bitcoin really costs.

How's he doing it? By taking Bitcoin's total cap of 21 million coins and using it as a yardstick to measure the value of other major cryptos. It's like he's holding up a mirror to the altcoin market and saying, "Look at yourselves!"

He's not mincing words about how altcoins play the numbers game. "Most alts take advantage of unit bias by utilizing a very high supply, so people can't figure out what they're buying. 'XRP is *only* $2 but Bitcoin is too expensive at $85,000!' Unit bias is absolutely destroying the uninitiated. #Bitcoin only."

Using his bold methodology, Mow crunched the numbers and found that the equivalent "one twenty-one millionth" of these networks would be way cheaper than what the market's currently saying: $9,200 for Ethereum, $5,800 for XRP, and $3,400 for Solana. "No way these alts are worth that much," Mow declared, predicting a skyrocketing Bitcoin dominance. Right now, Bitcoin's dominance is chilling at 63.71%, but Mow sees it going much higher.

Let's dive into the specifics. For Ethereum, with its hefty $193 billion market cap, Mow's calculations show that one twenty-one millionth would be just $9,200. "Instead of buying that one twenty-one millionth of Ethereum, you could buy just 0.11 BTC," he argued. That's a game-changer!

And he's not letting up on XRP either. "XRP is only $2 but Bitcoin is too expensive at $85,000!" he wrote, hammering home his point about unit bias messing with people's heads.

This isn't just Mow's opinion; the numbers back him up. Bitcoin's dominance has been on a tear, jumping 14.48% over the last year, 9.15% in the last six months, 9.71% year to date, and 3.76% in the last month. The king of crypto is making its presence felt!

But let's not forget the differences in how these coins are made. Bitcoin's got that fixed cap of 21 million, with halvings making it even scarcer over time. Ethereum's gone deflationary with EIP-1559, burning some of those transaction fees. XRP's got a pre-mined stash of 100 billion, with half out there in the wild. And Solana? It's playing the inflation game, but with rates dropping as time goes on.