Samson Mow Drops a Bombshell: ’ETH Has No Long-Term Demand’

Bitcoin maximalist Samson Mow just threw gasoline on the crypto rivalry—declaring Ethereum's days are numbered.

Why the bearish take? Mow argues ETH lacks the scarcity and institutional appeal of BTC. 'It’s the Walmart of smart contracts—cheap, bloated, and destined for obsolescence,' he quipped.

Meanwhile, Ethereum’s gas fees still rival a Wall Street broker’s lunch tab. Layer-2 solutions? 'Band-Aids on a broken model,' Mow fires back.

But here’s the twist: ETH’s price keeps defying doom predictions. Maybe the market enjoys masochism—or knows something the maximalists don’t.

Historical Market Trends Show Broader Rotation 

Investor and entrepreneur Ted Pillows offered a contrasting outlook, forecasting a continued climb for ETH that could spark a mini altseason before capital rotates back into Bitcoin—potentially pushing BTC toward $140,000, followed by another wave back into Ethereum and other altcoins.

Recent performances of Ethereum have also led to a decline of 10% in dominance since late June. The reasons behind the rise in ETH are, on the one hand, the institutional interest in Ethereum as a strategic reserve asset and, on the other hand, the rise in DeFi exchanges. Users are being lured back into the Ethereum ecosystem by innovative practices like yield farming and lending protocols, all of which are increasing the amount of assets locked to their total value (TVL), according to Nick Ruck, Director at LVRG Research.

At the time of writing, ETH was trading at $4,299.39 while BTC was trading at $122,003 as per Coingecko data.

Although market participants disagree on this, the consensus among market watchers is that the next weeks of the market might determine whether the ETH rally will have legs or a well-known rotation to Bitcoin will once again take center stage. 

Also Read: Ethereum Hits New Local All Time High in Japan and South Korea