“单位偏见”驱使许多投资者以牺牲比特币为代价偏爱廉价的山寨币

在加密货币世界中，“单位偏见”驱使许多投资者以牺牲比特币为代价倾向于廉价的山寨币。

In the ever-spinning carousel of crypto, a "unit bias" drives many investors to favor cheap altcoins over Bitcoin to an extent. But according to Samson Mow, this misperception creates a distorted view of investment decisions and fuels an illusion of value. As a result, BTC dominance could yet explode far beyond forecasts!

在不断旋转的加密赛旋转木制中，“单位偏见”驱使许多投资者在一定程度上偏爱廉价的山寨币而不是比特币。但是根据Samson Mow的说法，这种误解会产生对投资决策的扭曲观点，并赋予价值幻想。结果，BTC的主导地位仍可能远远超出预测！

Unit Bias Destroys Newcomers In Crypto

单位偏见破坏了加密货币的新移民

Samson Mow, CEO of Jan3, penned a note on April 19, 2025, where he claims that “unit bias is destroying new crypto investors.”

Jan3首席执行官Samson Mow于2025年4月19日写了一份票据，他声称“单位偏见正在摧毁新的加密投资者”。

According to the well-known crypto figure, this psychological error leads beginners to prefer a cheap altcoin over a fraction of Bitcoin. A phenomenon observed by behavioral economists. Indeed, individuals prefer to own a whole unit even if it has less value.

根据著名的加密数据，这种心理错误使初学者更喜欢廉价的Altcoin，而不是比特币的一小部分。行为经济学家观察到的现象。实际上，即使个人的价值较小，个人也更喜欢拥有整个单元。

Result: altcoins with a high total supply appear more attractive than Bitcoin at over $84,000. For example, they would prefer 100 units of an altcoin at $500 over 0.5 BTC at $84,000, even though the total value is the same.

结果：总供应量高的山寨币似乎比比特币更具吸引力，超过84,000美元。例如，即使总价值相同，他们也希望100个替代币，价格超过0.5 btc，价格为500美元，价格为84,000美元。

Overvalued Altcoins Without Unit Bias?

没有单位偏见的高估山寨币？

To better measure the impact of the unit bias, Mow proposes an interesting exercise: “What would happen if we evaluated each altcoin as if its total supply were that of Bitcoin, i.e., 21 million?”

为了更好地衡量单位偏见的影响，MOW提出了一个有趣的练习：“如果我们评估每个山寨币的总供应量是比特币的总供应，即2100万？”

In this scenario, Ethereum would be worth $9,200 (vs. $20 at present), XRP would climb to $5,800 (vs. $13), and Solana would reach $3,400 (vs. $150). Respective increases of +278,000%, +470%, and +2,300%.

在这种情况下，以太坊的价值为9,200美元（目前为20美元），XRP将攀升至5,800美元（$ 13），而Solana将达到3,400美元（$ 150）。各自的增加 +278,000％， +470％和 +2,300％。

But how is such a price shift possible with the same market cap? Because the magic of the unit bias also fools investors into thinking that these altcoins are undervalued.

但是，相同的市值如何发生这种价格变化呢？因为该单位的魔力也偏向投资者认为这些山寨币被低估了。

Thus, Mow accuses the majority of altcoin projects of exploiting the unit bias to mask their true valuation. “Most create a huge supply to sow confusion. They know that people will prefer a coin with a higher price per unit, even if the total value is lower.”

因此，MOW指责大多数Altcoin项目利用单位偏见来掩盖其真正的估值。 “大多数人都会为播种而产生巨大的供应。他们知道，即使总价值较低，人们也会更喜欢每单位价格较高的硬币。”

Bitcoin Dominance Could Climb Higher

比特币优势可以攀升更高

Finally, Samson Mow believes that Bitcoin's dominance in the crypto market is far from having reached its peak.

最后，Samson Mow认为，比特币在加密货币市场中的统治地位远非达到顶峰。

Currently at 63.69%, this metric already exceeds analysts' forecasts who projected a ceiling of 60% by the end of 2024. But for the Jan3 CEO, this level could still increase further, strengthening Bitcoin's position against altcoins.

目前该指标目前为63.69％，已经超过了分析师的预测，他们预计到2024年底的上限为60％。但是对于JAN3首席执行官而言，该水平仍然可以进一步提高，增强了比特币对Altcoins的地位。

During periods of high dominance, money flows into Bitcoin, delaying the emergence of a new altseason. But as Bitcoin's dominance decreases, it signals a shift in market sentiment and a potential influx of capital into altcoins.

在高统治地位期间，资金流入比特币，延迟了新的季节的出现。但是，随着比特币的统治地位的下降，它表明市场情绪的转变以及潜在的资本涌入山寨币。

As such, a period of high BTC dominance could still persist, especially as long as the unit bias continues to deceive those who invest in the new Countertops.

因此，一段高BTC优势的时期仍然可以持续存在，尤其是只要单位偏见继续欺骗那些投资于新台面的人。