In the curious jungle of cryptocurrency, prices are plodding along like a cautious tortoise, with Bitcoin leading the parade while quirky altcoins snooze at the back. Enter Samson Mow, the Bitcoin maximalist wizard and JAN3’s ringleader, who took to the mysterious realm of X to debunk a fairy tale known as “unit bias.”
Imagine Ethereum rocking a price tag of $9,200, XRP strutting at $5,800, and Solana lounging at $3,400. Sounds as believable as a chocolate teapot, right? That’s because, according to Mow, it’s about as likely as finding a fox that bakes cupcakes, given how many tokens are bobbing about in the crypto pond.
Unit Bias and Market Cap: The Magic Trick That’s Actually Just Math
Mow’s X-post drags altcoin enthusiasts into the light, exposing how we’re dazzled by owning a “whole” shiny coin instead of teeny tiny slices of Bitcoin pie. Bitcoin’s grand total is capped at 21 million tokens, with nearly 20 million already in play. One Bitcoin today costs around $88,000—plenty to make your wallet sweat.
But oh! If you can’t afford the golden ticket that is one Bitcoin, owning an entire XRP or Solana feels like buying the whole chocolate bar instead of just a crumb. Sweet, right? Well, not quite.
Mow then waves his magic wand (actually some math) and divides altcoins’ market caps by Bitcoin’s 21 million cap, revealing their “would be” prices if they were as rare as Bitcoin:
- Ethereum: approx. $9,200
- XRP: roughly $5,800
- Solana: about $3,400
Surprise! These figures scream “not possible!” louder than a barking moon. The conclusion? Many altcoins’ charm is less about real value and more like a sugar rush from unit bias. Meanwhile, Bitcoin sits in the corner, smug with its scarcity and solid fundamentals.
Bitcoin’s Tale: The Big Cheese Keeps Getting Bigger 🧀
For Mow and the Bitcoin fan club, this supply chasm is yet another reason to bet on Bitcoin’s reign. With shiny new Bitcoin ETFs piling up and suits from the traditional finance kingdom nodding in approval, Bitcoin’s throne might get even comfier.
Of course, some cheeky analysts are whispering of an altcoin springtime, suggesting Bitcoin dominance might tumble from 63.5% to a measly 40%. But Mow? He’s holding the popcorn, watching that theory with a raised eyebrow.
At the moment, Bitcoin’s marching at $88,530, up a smidge over the last day. Ethereum’s sulking down 1.5% to $1,620, Solana’s slightly queasy at $140 (-0.5%), and XRP’s slipping on a banana peel to $2.09 (-1.63%).
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2025-04-22 18:08