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Bitcoin-Maximalist: "No One Wants Ethereum in the Long Run"
Bitcoin pioneer Samson Mow, CEO of the Bitcoin adoption company JAN3, has made a bold statement regarding the future of Ethereum (ETH). According to Mow, ETH is merely a temporary stop for investors, who are likely to shift their profits back into Bitcoin (BTC) once Ethereum reaches its peak. He claims that most ETH holders already possess significant amounts of Bitcoin from the ICO era or insider holdings, which they rotate into ETH to drive up its price with new narratives such as Ethereum treasuries.
Mow further explains that as soon as the price of ETH is high enough, these investors will sell their Ether and redirect the profits into Bitcoin. He describes this as the "Bagholder’s Dilemma," stating, "It will be challenging for ETH to break ATHs because the closer you reach that psychological level, the stronger the drive to sell." Over the past 30 days, Ethereum has risen by 44% and is currently trading at just under $4,300, which is still 12% below its all-time high from 2021. While it has been more lucrative to invest in ETH than BTC since early May, the ETH/BTC ratio has been falling steadily over the past five years, making Bitcoin the better long-term investment.
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| Asset | 30-Day Performance | Current Price | Distance from ATH |
|---|---|---|---|
| Ethereum (ETH) | +44% | ~$4,300 | -12% |
Summary: According to BTC-ECHO, Samson Mow sees Ethereum as a short-term investment vehicle, with long-term value remaining in Bitcoin. The psychological barrier of the all-time high could increase selling pressure on ETH.
Bitcoin's Future: Could It Lose Its Top Spot?
Bitcoin remains the most highly valued cryptocurrency with a market capitalization of $2.38 trillion. However, according to FinanzNachrichten.de, this dominance could be challenged if the community becomes more aware of certain limitations. Bitcoin's blockchain, launched in 2009, has seen only marginal development compared to other ecosystems. For example, Ethereum has improved its energy efficiency and transaction speed through the switch to Proof of Stake (PoS), while Bitcoin still requires at least 10 minutes per transaction and charges fees of $0.91, compared to Solana's $0.008.
With only 7 transactions per second (TPS), Bitcoin cannot compete with modern payment providers like Visa, which processes 65,000 TPS. Additionally, 87.88% of all Bitcoin is held by just 21.03% of addresses, indicating a highly uneven distribution. Despite these drawbacks, Bitcoin boasts the most decentralized and secure network, with 23,113 nodes and a hash rate of 952,703,982.52 TH/s, far surpassing Ethereum and Solana.
| Metric | Bitcoin | Ethereum | Solana | Visa |
|---|---|---|---|---|
| Market Cap | $2.38 trillion | - | - | - |
| Transaction Fee | $0.91 | - | $0.008 | - |
| TPS | 7 | - | - | 65,000 |
| Node Count | 23,113 | 10,938 | 6,358 | - |
| Hash Rate | 952,703,982.52 TH/s | - | - | - |
| Coin Distribution | 87.88% held by 21.03% of addresses | - | - | - |
Professor Dr. Christian Rieck, a strategist and Bitcoin skeptic, argues that Bitcoin's value could be at risk unless it develops into the best trading infrastructure through network effects or fulfills additional functions. However, recent developments such as the Bitcoin Hyper scaling solution could address these issues by enabling millisecond transactions with fees under one cent and supporting a wide range of applications.
- Bitcoin Hyper introduces a new scaling and functionality layer for Bitcoin.
- Transactions are executed in milliseconds, with fees below one cent.
- The HYPER token is used for rewards, fees, staking, grants, and governance.
Summary: Bitcoin's dominance is being questioned due to scalability and distribution issues, but new solutions like Bitcoin Hyper could enhance its utility and justify its high valuation, according to FinanzNachrichten.de.
Crypto Market Under Pressure: XRP and Bitcoin Decline Due to US CPI Fears
According to FinanzNachrichten.de, the crypto market is currently under pressure, with both XRP and Bitcoin trading lower. The main reason cited is investor anxiety ahead of the release of the US Consumer Price Index (CPI), which could have significant implications for the broader financial markets and risk assets like cryptocurrencies.
Summary: The anticipation of the US CPI report is causing downward pressure on major cryptocurrencies such as XRP and Bitcoin.
Sources:
- Bitcoin-Maximalist: "Niemand will Ethereum auf lange Sicht"
- Malaysia Central Bank Papier löst Debatte aus, indem es XRP und BTC als monetäre Alternativen nennt
- Cloud und Bitcoin: Die ungewisse Zukunft von Northern Data
- Aktuelle Studie: Wie entwickelt sich der Bitcoin-Wert bis 2050?
- Bitcoin kann deshalb bald weniger wert als andere Coins sein
- Krypto-Markt unter Druck: XRP und Bitcoin tiefer durch Angst vor dem US-Verbraucherpreisindex
