Bitcoin (BTC) Will Hit $1 Million This Cycle, But Ethereum (ETH) and Altcoins Will Crash, Warns Samson Mow

Samson Mow, prominent Bitcoin supporter and CEO at JAN3, a company focused on Bitcoin adoption, has issued a friendly warning to holders of Ethereum and other altcoins

Samson Mow, CEO of JAN3 and a prominent Bitcoin supporter, has a dire warning for those still holding Ethereum and other altcoins, urging them to sell everything and join the Bitcoin bandwagon.

Moreover, Mow explained why he believes Bitcoin reaching $1 million this cycle is not “strange” at all.

‘Sell It and Buy Bitcoin,’ Samson Mow Warns

Mow published a tweet on Thursday, aiming a “note of caution” at “all the s-coin speculators.” He stated:

"Sell it and buy Bitcoin."

This week, the second biggest cryptocurrency by market capitalization, Ethereum, has been underperforming Bitcoin. Dogecoin cofounder Billy Markus also pointed out this fact in a recently published tweet.

However, cryptocurrency analyst Ali Martinez believes that ETH is about to outperform BTC, as happens every crypto cycle. He expects Ethereum to test the $4,000 and $6,000 levels and then perhaps even soar to $10,000 per coin.

Bitcoin Supply Shock Coming, Mow Insists

While Mow predicted a Bitcoin supply shock arriving soon over a year ago, now he has doubled down on his prediction. Back in January, when the SEC approved spot Bitcoin ETF trading, the JAN3 boss tweeted that the Bitcoin halving would create a BTC supply shock, while ETFs would bring a demand shock.

Now, as Bitcoin has reached a new historic peak of slightly above $94,000, Mow tweeted that even though the majority of people have no idea what a supply shock looks like, “they’re about to find out.”