Samson Mow, widespread Bitcoin maximalist and CEO of the JAN3 agency, reinforces his previous jab at Ethereum, noting that ETH stays overvalued on the $1,600 worth mark.
The outspoken Bitcoin maximalist made the remark right this moment whereas resurfacing an previous tweet he revealed on August 23, 2022, concerning ETH’s valuation.
Mow’s Views on Ethereum Valuation
On the time, ETH traded round $1,600 per coin, which is identical degree Ethereum is buying and selling at right this moment. In the meantime, Bitcoin was buying and selling at $21,500 again then in 2022 however right this moment, its worth is round $80K.
Curiously, Mow, who expects Bitcoin to hit $1 million this yr, emphasised that ETH was overvalued in proportion to Bitcoin’s valuation. He maintains the sentiment even right this moment, when the hole between Bitcoin and Ethereum has additional widened.
Ethereum continues to be overvalued. https://t.co/4oeQaCQMLV
— Samson Mow (@Excellion) April 10, 2025
Mow instructed that Bitcoin has a complete provide of lower than 21 million BTC, presumably as a consequence of misplaced keys. Nevertheless, he famous that out of Ethereum’s 122 million whole provide, 72 million of these cash have been premined.
Curiously, he instructed that ETH could be value $9,300 per coin if it had a provide of 21 million cash like Bitcoin. Referencing the adjusted calculation, Mow shaded Ethereum buyers for paying a premium worth of $9,300 to accumulate one ETH.
‘Ethereum Is Nonetheless Overvalued’
Practically three years after his preliminary tweet, Mow reinforces the concept Ethereum’s worth continues to be overvalued. This means that Ethereum’s worth doesn’t appear justified by its provide, of which Mow claims 60% was “minted out of skinny air.”
At press time, ETH is buying and selling at $1,579 per coin, up 5.41% over the previous 24 hours. The second-biggest cryptocurrency, which traded across the $1,800 territory earlier this week, plunged to a multi-year low of $1,386 yesterday as a consequence of escalated stress from the tariff warfare.
Shortly after hitting this degree, ETH recovered to a excessive of $1,687 on April 9, as Trump introduced a three-month pause of the elevated tariff he initially imposed towards a number of international locations besides China.
Whereas ETH hovers round $1,600, because it did on August 23, 2022, Bitcoin is altering palms at $81,332. Bitcoin’s present worth represents a rise of 278.28% from the $21,500 mark the place it traded on that date. Regardless of this, Mow insists that Ethereum stays overvalued.
The JAN3 CEO has been slamming Ethereum through the years. In November 2024, he cautioned meme coin buyers that ‘what occurred to Ethereum’ might seemingly occur to their favourite token of selection. Subsequently, he suggested them to promote the whole lot, together with ETH, and purchase Bitcoin.
