So, I’m just sitting here, minding my own business, when I hear this Bitcoin guy, Samson Mow, saying that all these Ethereum investors are gonna switch back to Bitcoin. Like, what’s the deal? Are we all just playing musical chairs with our cryptos now?
But wait, it gets better. According to Mow, most ETH holders are actually just holding onto their BTC and using it to pump up ETH. So, it’s like they’re all in on this grand scheme to create a bunch of new “generational bagholders” and then scoop up all the gains in BTC. Genius, right? Or just super sketchy…
“Ethereum has always been a vehicle for those people to get more Bitcoin. It was true for the ICO, and it’s true now.”
And let’s not forget, Mow is a Bitcoin maximalist, so he’s basically saying, “No one wants ETH in the long run.” I mean, come on, how cynical can you get? But hey, maybe he’s right. Maybe we’re all just a bunch of ETH bagholders waiting for the other shoe to drop. 🙄
ETH/BTC ratio breaks trend
But Mow isn’t done yet. He’s telling Bitcoiners not to worry about the ETH/BTC ratio breaking the downward trendline. Because, apparently, Ethereum is just a stepping stone to more Bitcoin. Great, another reason to feel like we’re all being played.
The ETH/BTC ratio is currently 0.036, according to TradingView. It’s doubled since its five and a half year low of 0.018 in April, thanks to Ether surging while Bitcoin has been kinda… meh.
Ethereum advocate Anthony Sassano called Mow’s post “old school Bitcoin maxis” criticizing Ethereum, and saw it as a bullish sign for ETH. But who cares what Sassano thinks? He’s probably just another ETH shill. 😂
Rotation back into altcoins
Not everyone agrees with Mow, though. Investor and entrepreneur Ted Pillows thinks Ether will hit a new peak price and spark a mini altseason, before capital rotates back into Bitcoin until it hits around $140,000. Then, it’ll rotate back into Ether and altcoins again. Classic crypto rotation pattern, right?
Bitcoin dominance has dropped 10% since late June as more people jump into altcoins. Ether’s recent pump to $4,300, driven by institutional interest, has helped DeFi platforms gain higher TVL and attract users with innovative yield farming and lending strategies.
ETH weekly close highest since 2021
Meanwhile, ETH prices have seen their highest weekly candle close since November 2021, topping $4,300 in late trading on Sunday. Ether is now just 12% away from its 2021 all-time high of $4,878, and momentum is still strong despite the skepticism from Bitcoin maxis.
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2025-08-11 07:32