Bitcoin (BTC) Enthusiast and JAN3 CEO Samson Mow Reignites the Debate on Cryptocurrency Valuations

Bitcoin enthusiast and JAN3 CEO Samson Mow recently reignited the debate on cryptocurrency valuations by challenging the perceived value of leading altcoins

Samson Mow, a known Bitcoin enthusiast and the CEO of JAN3, recently sparked discussion in the crypto sphere with his unique take on cryptocurrency valuations.

While several analysts have been focusing on the shifting market caps and implications for leading coins like XRP and ETH, Mow presented a different perspective, arguing that the crypto market is heavily skewed by a phenomenon called “unit bias.”

This biases investors toward lower-priced coins, which are perceived as more affordable or undervalued, while coins like Bitcoin, valued higher per unit, are deemed “too expensive” by less informed investors who may be less attentive to broader supply dynamics.

Pointing out this bias, Mow highlighted how the narrative changes when considering the implications for altcoins.

He quips, "You can buy one twenty-one millionth of the BTC supply for ~ $85,000.

What happens if we remove unit bias from alts to get the equivalent 1/21 million?

ETH: $9,200

XRP: $5,800

SOL: $3,400

No way these alts are worth that much. #Bitcoin dominance is going so much higher."

In essence, Mow took the current market cap of each altcoin and distributed it over Bitcoin’s 21 million supply.

At the time of writing, Ethereum’s market cap is around $193 billion, which, when distributed over 21 million units, comes out to roughly $9,200 per unit. Similarly, XRP’s market cap of $12 billion would be distributed over 21 million units, coming out to approximately $5,800 per unit.

Despite presenting these figures, Mow, previously critical of Ripple and its flagship token XRP, strongly negated the possibility of these assets being valued at such amounts, stating that the actual market fundamentals do not support such valuations.

According to his estimations, which he shared on X, the prices at which these coins should be valued are far lower than the values obtained when distributing their market caps over Bitcoin’s total supply.

suggesting that the narrative changes when considering the implications for altcoins. He quips, "You can buy one twenty-one millionth of the BTC supply for ~ $85,000.

What happens if we remove unit bias from alts to get the equivalent 1/21 million?

ETH: $9,200

XRP: $5,800

SOL: $3,400

This highlights how supply impacts perceived affordability.

suggesting that the narrative changes when considering the implications for altcoins. He quips, "You can buy one twenty-one millionth of the BTC supply for ~ $85,000.

What happens if we remove unit bias from alts to get the equivalent 1/21 million?

ETH: $9,200

XRP: $5,800

SOL: $3,400

This highlights how supply impacts perceived affordability.