Ethereum Investors Warned: Samson Mow Says "Last Chance to Sell Before Collapse"

Ethereum investors have received a stern warning from Samson Mow, CEO of JAN3 and a passionate Bitcoin supporter. According to him, those holding ETH are nearing their last chance to protect their funds before the market risks collapsing. As Mow noted, approximately 768,400 ETH, worth about $3.5 billion, will not be staked in the near future. He asserted that this massive token release will create significant selling pressure. According to him, the most appropriate thing that ETH holders can do is to exchange their assets for Bitcoin. Mow Predicts Ethereum Will Decline as Bitcoin Strengthens In a statement on Friday, Mow urged investors to act quickly, emphasizing that this is the last opportunity to sell ETH above 0.03 BTC. He believes that the price of Ethereum could drop sharply when the unstaking process begins in two weeks. This view aligns with his widespread criticisms of ETH and his belief that it will never replace Bitcoin in terms of value or usability. Meanwhile, Mow remains steadfast in his prediction about the future of Bitcoin. He consistently asserts that BTC will eventually be valued at 1 million dollars. He is presenting his viewpoint on the upcoming demand shock as supply becomes limited following the 2024 halving and the continuous buying activity of spot ETFs. Although these developments did not occur according to his previous schedule, Bitcoin has recorded a new all-time high this year, surpassing the $124,000 mark. His argument is further reinforced by the limited supply of 21 million coins, while over 19 million coins have already been mined. The United States Strategic Reserves Contribute to the Growth of Bitcoin Bitcoin continues to gain bullish momentum this week as U.S. Treasury Secretary Scott Bessent confirmed the establishment of a strategic Bitcoin reserve fund, following the executive order signed by President Donald Trump in March. Along with government policies, large corporations like Metaplanet have actively reserved Bitcoin in their treasury. This gradual accumulation further reinforces Mow's view that supply is tightening and his forecast of a demand shock becomes more convincing. Samson Mow's message does not leave any doubt about his stance. He believes that Ethereum is facing an imminent collapse and emphasizes that investors should switch to Bitcoin before it's too late.