Samson Mow, CEO of Jan3 and a strong Bitcoin supporter, simply dropped a truth bomb for the crypto investors. MOW explained how many investors fall for a fall called “Unit bias”, thinking cheap -looking coins such as XRP, Sol are better deals. But according to MOW, this is a big mistake, because the real value lies with Bitcoin.
One bitcoin = one of 21 million
Looking at the general stock of Bitcoin, there are only 21 million bitcoins In the world and that number will never go up. So when someone buys 1 BTC for around $ 85,000, they buy 1 of just 21 million pieces. That is what Bitcoin gives its strong value.
According to Mow, if we apply the same idea to other cryptocurrencies, things become interesting. He distributed Ethereum, XRP and Solana’s market caps with 21 million, just like the total range of Bitcoin.
The results were surprising;
- Ethereum: $ 193 billion (market capitalization) / 21 million = $ 9,200
- XRP: $ 121 billion / 21 million = $ 5,800
- Solana: $ 71 billion / 21 million = $ 3,400
According to this logic, buying one “equivalent unit” from ETH or XRP is much more expensive than people realize.
The real problem is “unity bias”
MOW explains that this confusion is caused by unity bias. Most altcoins have a very high stock, making their price per token look cheap. For example, someone could say: “XRP is only $ 2, but Bitcoin is $ 85,000, that’s too expensive!”
But they do not understand that a small price does not mean that it is a good deal. This is called unit bias and MOW says that the new investors are fooling.
MOW says that what people do not realize, he says, is that XRP has a much higher stock About 58.3 billionAs a result, the low price misleads.
Bitcoin is still king
According to MOW, as soon as people understand how unity bias works, they will realize that Bitcoin offers better value in the long term. He expects more investors to go back to Bitcoin, increasing his dominance in the cryptomarket.
His message to everyone is simple: “Only Bitcoin.”
Recently, MOW predicted that bitcoin would reach $ 1 million by 2021.
