Bitcoin (BTC) has once again set a new all-time high. Samson Mow, an early Bitcoin adopter and maximalist, predicted that one of two scenarios would unfold. One is where Bitcoin takes market leadership by entering a full-scale price discovery phase, and the other is a scenario where the market pauses briefly before an altcoin bull market emerges.
According to the trading platform Coinbase, Bitcoin soared to $124,500 early in the morning. On that day alone, it rose 3.5%, and the total cryptocurrency market capitalization also reached a record high of $42.6 billion. Bitcoin's strong performance is injecting significant momentum into the market.
Mow stated on X (formerly Twitter), "This could be a scenario where Bitcoin absorbs market liquidity through a 'Godzilla-level' surge, causing altcoins to drop 30-40%, or conversely, a temporary altcoin frenzy could reach its peak, triggering selling pressure and causing the 'bag holder's dilemma' to lose balance, ultimately resulting in Bitcoin being temporarily suppressed before rising again."
He also repeatedly criticized Ethereum (ETH), saying, "No matter what happens, Ethereum's value cannot be 4,600,000 BTC" and emphasized, "This is a structure that must definitely see a correction." This is interpreted as a warning of 'irrational overheating' regarding ETH's recent market value increase.
Samson Mow's statements are creating a significant impact among investors, based on a market analysis rooted in strong confidence in Bitcoin. While the arrival of an altcoin season is drawing attention, he clearly stated that Bitcoin will continue to be the market's central axis. The focus should be on understanding Bitcoin's position in the medium to long-term trend rather than immediate fluctuations.
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