Altcoin unit bias ‚absolutely destroying‘ crypto newbies — Samson Mow
Bitcoin maximalist Samson Mow said that once „you remove“ unit bias from altcoins, it becomes clear how overvalued altcoins like XRP, Solana, and Ether actually are.
Jan3 CEO Samson Mow says that Bitcoin dominance hasn’t yet exhausted its upside trajectory after analyzing how altcoin prices would stack up against Bitcoin if all were on equal terms of total supply.
His forecast for Bitcoin (BTC) Dominance to rise further comes as the ratio has already exceeded the levels many crypto analysts expected it would reach by late 2024.
“Unit bias is absolutely destroying the uninitiated,” Mow said in an April 19 X post. Mow suggested that unit bias — a psychological method in behavioral economics that suggests that individuals usually like to own a complete unit or stock regardless of its price and size — often causes less experienced investors to assume cheaper whole altcoins are better value than owning part of a Bitcoin.