A prominent bitcoin advocate and JAN3’s CEO, Samson Mow, alleged a cyclical trading pattern fueling recent ETH- BTC price shifts. He claimed that early ethereum investors—many holding substantial bitcoin reserves—are rotating BTC into ETH to boost its value with hype-driven narratives, such as “Ethereum Treasury” campaigns. According to Mow, the strategy ends when these actors […]
Source: https://news.bitcoin.com/no-one-wants-eth-in-the-long-run-samson-mow-warns-of-btc-driven-pump-and-dump/