Bitcoin Dominance hasn't Exhausted Its Upside Trajectory Yet, Jan3 CEO Samson Mow Says

His forecast for Bitcoin (BTC) Dominance to rise further comes as the ratio has already exceeded the levels many crypto analysts expected it would reach

Jan3 CEO Samson Mow says that Bitcoin (BTC) dominance has not yet exhausted its upside trajectory after analyzing how altcoin prices would stack up against Bitcoin if all were on equal terms of total supply.

His forecast for Bitcoin dominance to rise further comes as the ratio has already exceeded the levels many crypto analysts expected it would reach by late 2024.

“Unit bias is absolutely destroying the uninitiated,” Mow said in an April 19 X post.

Mow suggested that unit bias — a psychological method in behavioral economics that suggests that individuals usually like to own a complete unit or stock regardless of its price and size — often causes less experienced investors to assume cheaper whole altcoins are better value than owning part of a Bitcoin.

“You can buy one twenty-one millionth of the BTC supply for ~$85,000. What happens if we remove unit bias from alts to calculate the equivalent of 1/21m?” he asked.

He pointed out that Ether (ETH) would be priced at $9,200, XRP (XRP) would be priced at $5,800, and Solana (SOL) would be priced at $3,400 — increases of around 278,746%, 470%, and 2,328%, respectively, from their prices at the time of publication, according to CoinMarketCap data.

“No way these alts are worth that much,” Mow said.

Sunny Po, an anonymous Bitcoin proponent, said on Jan. 12 that “Unit bias is a core foundational framework of the normie mind. ‘Cheaper better.’”

Mow said that “most” altcoins take advantage of unit bias by implementing a very high total supply so market participants “can’t figure out what they’re buying.”

Several crypto analysts were forecasting Bitcoin dominance to top out at 60% in late 2024 before the beginning of an altcoin season.

In August 2024, Into The Cryptoverse founder Benjamin Cowen said that “I don’t think it is going back up to 70%, my target for Bitcoin dominance has been 60%.”

At the time of publication, Bitcoin dominance is sitting at 63.66%, as per TradingView data.

Historically, when Bitcoin dominance declines, it often signals the start of altcoin season, with capital flowing from Bitcoin into altcoins to find higher returns.

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This article was originally published on Benzinga and has been modified to reflect the original source.

The post Jan3 CEO Samson Mow Predicts Bitcoin Dominance to Rise 'So Much Higher' appeared first on Benzinga.

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