JAN3和Staunch Bitcoin支持者的首席执行官Samson Mow通过对以太坊价格的新批判性分析使市场陷入困境

通过X上的帖子，MOW声称，第二大加密货币以太坊“被指数高估”

Samson Mow, the CEO of JAN3 and a fervent Bitcoin (BTC) proponent, has sparked debate in the crypto sphere with his critical take on Ethereum's (ETH) price. In a recent X post, Mow asserted that the second-largest cryptocurrency is "exponentially overvalued."

JAN3首席执行官和热心的比特币（BTC）支持者Samson Mow以他对以太坊（ETH）价格的批判性看法引发了加密货币领域的辩论。在最近的X帖子中，MOW断言，第二大加密货币“成倍值得高估”。

This statement follows Bitcoin's impressive recovery from the Black Monday crash, a factor that Mow highlighted in comparing the top two cryptocurrencies. He further pointed out the widening gap in profitability and valuation between Bitcoin and Ethereum.

该声明是在比特币从黑色星期一崩溃中恢复了令人印象深刻的恢复，这一因素在比较前两名加密货币时强调了这一因素。他进一步指出，比特币和以太坊之间的盈利能力和估值差距扩大。

"Bitcoin is now trading at $82,000, up 270% since August 2022, while Ethereum is still floundering around $1,500, nearly the same price as in 2022," Mow noted.

莫夫指出：“比特币现在的交易价格为82,000美元，自2022年8月以来增长了270％，而以太坊仍在挣扎约1,500美元左右，几乎与2022年的价格几乎相同。”

This stark difference in price performance is what Mow used to argue that Ethereum's valuation does not align with its fundamentals, especially considering Bitcoin's supply dynamics.

MOW用来认为以太坊的估值与其基本面不符，尤其是考虑到比特币的供应动力学不一致，因此价格绩效上的这种严重的差异。

"With a capped supply of 21 million coins, Bitcoin's scarcity is a key aspect of its value proposition. In contrast, Ethereum has a circulating supply of 122 million tokens, with 72 million premined at launch," Mow explained.

Mow解释说：“由于供应2100万个硬币，比特币的稀缺性是其价值主张的关键方面。相比之下，以太坊的供应量为1.22亿代币，并在发射时有7200万个代币。”

This practice of premining has been the subject of criticism from crypto purists, who prefer Bitcoin's design with no premining and a fixed supply.

这种预期的做法一直是加密诗人的批评，他们更喜欢比特币的设计，而没有预先供应和固定供应。

"If Ethereum had a supply closer to Bitcoin's 21 million, it would be worth around $9,300 right now," Mow added. "So some people are paying $9.3k per unit of something that’s 60% printed from thin air."

莫夫补充说：“如果以太坊的供应量更接近比特币的2100万美元，那么现在价值约9,300美元。” “因此，有些人每单位要支付9.3万美元的价格，这些东西是从稀薄的空气中印刷的60％。”

This isn't the first time Mow has contributed to the Bitcoin vs. Ethereum debate. Previously, he urged investors to abandon Ethereum and invest in Bitcoin instead, predicting dire outcomes for ETH holders.

这不是MOW首次为比特币与以太坊辩论做出贡献。此前，他敦促投资者放弃以太坊并投资比特币，预测ETH持有人的可怕成果。

Moreover, Bitcoin's profitability has been far better than Ethereum's in the past two years, a point that maximalists often cite in their arguments. These criticisms also highlight the sentimental divide between Bitcoin maximalists, who prefer Bitcoin's original design and maximalist philosophy, and Ethereum supporters, who value the smart contract platform's utility and potential for scaling.

此外，比特币的盈利能力比过去两年中的以太坊要好得多，这一观点通常是在他们的论点中引用的。这些批评还强调了比特币最大化主义者之间的情感鸿沟，他们更喜欢比特币的原始设计和最大主义哲学，以及以太坊支持者，他们重视智能合同平台的实用性和扩展潜力。