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Bitcoin Maximalist Samson Mow doubled his valuable criticism Price ethereumThe ETH claim is still overstated despite the Bitcoin price almost four times since 2022. The CEO of Jan3 referred to a gross divergence in terms of performance between the two best cryptocurrencies over almost three years.
The price gap increases with the growth of bitcoins
According to Ethereum data, it is currently $ 1,558, essentially the same as the price in August 2022. USD 1,600. Meanwhile, Bitcoin has increased from USD 21,500 to USD 82 302, 270%. The expanding gap was only used to strengthen MOW dispute This price of Ethereum does not correlate with its basics.
This week, MOW again tweet his post on August 23, 2022 to emphasize his steadfast attitude. His criticism focuses on the differences in supply between cryptocurrencies. Bitcoin has less than 21 million general coins, while Ethereum offers 122 million circulating tokens.
#Ethereum is overstated.
1 btc = USD 21.5,000
1 ETH = $ 1.6,00021m BTC Supply (actually less)
122 million ETH supplies (72 million Premined)Corrected for unit deviation (ETH price at 21 million units) one ETH would be 9.3 thousand. USD.
So some people pay 9.3 thousand USD for a unit of something that is 60% printed from slender air.
– Samson Mow (@excellion) August 23, 2022
‘60% stamped from slender air – a claim for the origin of Ethereum
Based on quotes, about 72 million ETH tokens (about 60% of supply) were sent at the time of the premiere of Ethereum. Creating tokens before the start of public mining has been a problem for purists in cryptocurrencies for some time.
Perhaps Maksimalist Bitcoin suggested that if 21 million coins were all that had an Ethereum supply BitcoinThen each ETH will be valued today at around 9,300 USD. MOW again attacks investors in Ethereum, saying that they pay too much for the resource, the supply of which is exaggerated.
Sensitive to macroeconomic forces
Ethereum has recently dropped to the longest lowest level of USD 1380 based on the global tensions of the tariff war. The cryptocurrency jumped immediately to USD 1680 April 9 after US President Donald Trump announced a three -month tariff raise to various countries, with China an exception.
These movements illustrate how both cryptocurrencies are still sensitive to macroeconomic forces, even if they have different proposals for values and market results.
Ether down in the last week. Source: Coingecko
Long -lasting campaign against Ethereum continues
This is not the first time criticizing Ethereum Koś. It has been noisy against ETH for years. In November 2024, he warned investors that Los Ethereum could be the same as their favorite tokens.
Mow, who forecasts that Bitcoin will reach $ 1 million this year, told investors to sell everything, including Ethereum, and instead invests in Bitcoin.
The debate emphasizes deeply rooted differences in the philosophy of cryptocurrency investment. While Bitcoin Maksimalists, such as MOW, focus on deficiency and bitcoins “Digital gold” Status, supporters of Ethereum emphasize the knowledgeable contract abilities of the platform and a wider application ecosystem.
Since the price difference between the two leading cryptocurrencies is still developing, these debates regarding the relative value and appropriate price models raise the interest of joint investors and market analytics.
A distinguished picture from Reuters, TradingView chart
