Bitcoin News Today: Samson Mow Urges Ethereum Holders to Switch to Bitcoin Before Price Drop

Samson Mow, CEO of JAN3 and a vocal Bitcoin advocate, has urged Ethereum holders to convert their ETH into Bitcoin before a potential price downturn, describing it as their “last chance to sell ETH above 0.03 BTC” [1]. This statement reflects Mow’s ongoing skepticism toward Ethereum’s long-term prospects and his belief that Bitcoin remains the superior store of value in the digital asset space.

Mow pointed out that approximately 768,400 ETH—valued at around $3.5 billion—is currently waiting to be unstaked from the Ethereum network [1]. He argued that this liquidity could shift toward Bitcoin, reinforcing BTC’s dominance and potentially triggering further gains. According to his timeline, unstaking will begin within two weeks, followed by a 9-day delay before funds can be accessed [1]. Mow’s message is clear: ETH holders should act now, as he anticipates a sharp price correction for Ethereum after this liquidity moves.

This warning aligns with Mow’s broader bullish outlook on Bitcoin. He has long predicted that Bitcoin will eventually reach $1 million per coin, a milestone he believes will be marked by a significant “Omega/Godzilla” candlestick pattern on price charts [1]. While some of his earlier forecasts have not yet materialized, recent developments are making the Bitcoin demand shock more tangible. The U.S. Treasury recently confirmed its intent to establish a Strategic Bitcoin Reserve, following an executive order signed by Trump in March [1]. Meanwhile, institutional buyers like Metaplanet continue to accumulate Bitcoin, contributing to rising demand and tighter supply dynamics.

Despite Mow’s confidence in Bitcoin’s future, he has acknowledged the market’s volatility, outlining two potential paths for Bitcoin’s next move. One scenario involves a continued rally that pulls liquidity away from altcoins, potentially leading to sharp price declines in those assets. Alternatively, if altcoin season peaks, it could trigger a broader market correction [2]. These possibilities underscore the growing dominance of Bitcoin and the uncertainty still surrounding altcoins.

Mow’s stance mirrors a growing trend among investors who are increasingly allocating capital to Bitcoin amid uncertainty around Ethereum’s future and the broader altcoin market. The recent price action—Bitcoin hitting a peak above $124,000—further supports the notion that Bitcoin is solidifying its position as the top digital asset [3].

[1] Source: U.Today

https://u.today/last-chance-for-eth-holders-to-profit-from-btc-defined-by-samson-mow

[2] Source: Coinpaper

https://coinpaper.com/10499/samson-mow-sees-two-paths-ahead-for-bitcoin-s-next-move

[3] Source: Bitcoin Insider

https://www.bitcoininsider.org/article/283030/bitcoin-hits-124500-cheap-altcoin-gains-momentum