比特幣（BTC）愛好者和JAN 3 CEO Samson Mow重新點燃有關加密貨幣估值的辯論

比特幣愛好者和JAN3首席執行官Samson Mow最近通過挑戰領先的Altcoins的感知價值來重新點燃有關加密貨幣估值的辯論

Samson Mow, a known Bitcoin enthusiast and the CEO of JAN3, recently sparked discussion in the crypto sphere with his unique take on cryptocurrency valuations.

Samson Mow是一位著名的比特幣愛好者，Jan3的首席執行官，最近在加密貨幣領域引發了討論，他對加密貨幣估值的獨特意義。

While several analysts have been focusing on the shifting market caps and implications for leading coins like XRP and ETH, Mow presented a different perspective, arguing that the crypto market is heavily skewed by a phenomenon called “unit bias.”

儘管幾位分析師一直在關注市場上限的轉移以及對XRP和ETH等領先硬幣的影響，但MOW提出了不同的觀點，認為加密貨幣市場被稱為“單位偏見”的現像大量偏見。

This biases investors toward lower-priced coins, which are perceived as more affordable or undervalued, while coins like Bitcoin, valued higher per unit, are deemed “too expensive” by less informed investors who may be less attentive to broader supply dynamics.

這使投資者偏向低價硬幣，這些硬幣被認為更實惠或被低估了，而像比特幣這樣的硬幣（像比特幣相比，每單位價值更高）被視為“太昂貴”的，那知情的投資者可能不太專注於更廣泛的供應動態。

Pointing out this bias, Mow highlighted how the narrative changes when considering the implications for altcoins.

指出了這種偏見，割草強調了敘事在考慮對山寨幣的影響時如何改變。

He quips, "You can buy one twenty-one millionth of the BTC supply for ~ $85,000.

他打趣道：“您可以以約85,000美元的價格購買BTC供應量的二十百萬。

What happens if we remove unit bias from alts to get the equivalent 1/21 million?

如果我們從ALTS中刪除單位偏置以獲得同等的1/2100萬，會發生什麼？

ETH: $9,200

ETH：9,200美元

XRP: $5,800

XRP：$ 5,800

SOL: $3,400

SOL：$ 3,400

No way these alts are worth that much. #Bitcoin dominance is going so much higher."

這些Alts絕對不值得。 #bitcoin的主導地位要高得多。 ”

In essence, Mow took the current market cap of each altcoin and distributed it over Bitcoin’s 21 million supply.

從本質上講，MOW佔據了每個Altcoin的當前市值，並將其分配給比特幣的2100萬供應。

At the time of writing, Ethereum’s market cap is around $193 billion, which, when distributed over 21 million units, comes out to roughly $9,200 per unit. Similarly, XRP’s market cap of $12 billion would be distributed over 21 million units, coming out to approximately $5,800 per unit.

在撰寫本文時，以太坊的市值約為1930億美元，當分配超過2100萬台單位時，每單位約為9,200美元。同樣，XRP的市值為120億美元將超過2100萬台，每單位約為5,800美元。

Despite presenting these figures, Mow, previously critical of Ripple and its flagship token XRP, strongly negated the possibility of these assets being valued at such amounts, stating that the actual market fundamentals do not support such valuations.

儘管呈現了這些數字，但Mow以前批評Ripple及其旗艦令牌XRP，強烈否定了這些資產以此類數量進行估值的可能性，並指出實際的市場基本面不支持此類估值。

According to his estimations, which he shared on X, the prices at which these coins should be valued are far lower than the values obtained when distributing their market caps over Bitcoin’s total supply.

根據他在X上分享的估計，應將這些硬幣估值的價格遠低於在比特幣總供應方面分配其市值時獲得的價值。

suggesting that the narrative changes when considering the implications for altcoins. He quips, "You can buy one twenty-one millionth of the BTC supply for ~ $85,000.

表明敘事在考慮對替代幣的影響時會發生變化。他打趣道：“您可以以約85,000美元的價格購買BTC供應量的二十百萬。

What happens if we remove unit bias from alts to get the equivalent 1/21 million?

如果我們從ALTS中刪除單位偏置以獲得同等的1/2100萬，會發生什麼？

ETH: $9,200

ETH：9,200美元

XRP: $5,800

XRP：$ 5,800

SOL: $3,400

SOL：$ 3,400

This highlights how supply impacts perceived affordability.

這突出了供應如何影響感知到的負擔能力。

suggesting that the narrative changes when considering the implications for altcoins. He quips, "You can buy one twenty-one millionth of the BTC supply for ~ $85,000.

表明敘事在考慮對替代幣的影響時會發生變化。他打趣道：“您可以以約85,000美元的價格購買BTC供應量的二十百萬。

What happens if we remove unit bias from alts to get the equivalent 1/21 million?

如果我們從ALTS中刪除單位偏置以獲得同等的1/2100萬，會發生什麼？

ETH: $9,200

ETH：9,200美元

XRP: $5,800

XRP：$ 5,800

SOL: $3,400

SOL：$ 3,400

This highlights how supply impacts perceived affordability.

這突出了供應如何影響感知到的負擔能力。