Samson Mow Foresees Ethereum Investors Flocking Back to Bitcoin as ETH Hits New Highs
The crypto rollercoaster never stops—just when ETH bulls thought they had it made, Samson Mow drops a truth bomb. As Ethereum prices soar, the ex-CSO of Blockstream predicts a mass migration back to Bitcoin. Here’s why the OG crypto still calls the shots.
### The Great Rotation: From ETH to BTC
When altcoins pump, everyone’s a genius. But Mow sees the writing on the wall: Ethereum’s rally might just be Bitcoin’s feeder system. Traders chasing highs? They’ll cash out—straight into BTC’s cold, unforgiving hands.
### The Cynic’s Corner
Let’s face it—crypto portfolios are just Bitcoin waiting rooms. ETH’s ATH? A fancy detour. The real exit liquidity? Always Bitcoin. (Bonus jab: Wall Street still can’t tell the difference, but hey, they’ll charge you 2% to ‘manage’ both.)
### The Bottom Line
Mow’s call cuts through the hype: when the music stops, Bitcoin’s the only chair left. Ethereum’s surge? A beautiful trap—and the smart money knows where the door is.
ETH Gains Fueled by BTC Rotations on New Treasury Narratives, Says Mow
According to him, these investors are rotating BTC into ETH to “pump it on new narratives” such as the emergence of ethereum treasury companies.
Once prices rise sufficiently, he predicts they will sell their ETH, leaving “new generational bagholders,” and MOVE the profits back into Bitcoin. “No one wants ETH in the long run,” he said.
He also warned that it could be “challenging” for Ether to surpass its previous all-time high, arguing that the closer the market gets to that psychological level, the stronger the incentive to sell, what he called the “Bagholder’s Dilemma.”
The ETH/BTC ratio currently stands at 0.036, double its April low of 0.018, according to TradingView.
Let me explain what’s happening with ETHBTC.
Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s).
Once they’ve gotten it high enough, they’ll dump their ETH, creating new generational…
Not everyone shares Mow’s view. Ethereum proponent Anthony Sassano dismissed the remarks as “old school Bitcoin maxis” rhetoric, calling it a bullish sign for ETH.
Investor Ted Pillows outlined a more traditional cycle forecast, expecting ETH to break its all-time high and trigger a brief altseason before capital rotates back into bitcoin toward $140,000, and then flows once again into ETH and other altcoins.
This cycle-based rotation has been a familiar pattern in past bull markets, with Ethereum and altcoins often lagging Bitcoin’s peak before staging their own surges.
Supporting this trend, Bitcoin dominance has fallen 10% since late June as traders shift into alternative assets.
Buterin Warns Against Risks Behind ETH Treasury Boom
While ETH’s latest run has been bolstered by institutional inflows and corporate treasuries holding Ether, Vitalik Buterin has voiced caution over the trend.
In a recent interview, he warned that excessive leverage within ETH treasuries could pose long-term risks.
“If you woke me up three years from now and told me that treasuries led to the downfall of ETH… my guess WOULD basically be that somehow they turned it into an overleveraged game,” he said.
Last week, BitMine Immersion Technologies, chaired by Fundstrat’s Tom Lee, added 208,137 ETH to its growing crypto reserves, boosting its total holdings to 833,137 ETH, now worth over $3 billion.
The move cements BitMine’s position as the top Ethereum-holding treasury firm and places it fourth among global crypto treasuries overall.
