Bitcoin vs Ethereum: The Crypto Drama You Can’t Miss! 🍿

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Right. So, Bitcoin maximalist Samson Mow is at it again, banging on about Ethereum like it’s the ex who still owes him money. 🤑 Apparently, ETH is *still* overvalued, even though Bitcoin has been doing its best impression of a rocket ship since 2022. The JAN3 CEO, clearly not one to let a grudge go, has been harping on about the “glaring disparity” between the two cryptos for nearly three years. Honestly, it’s like watching a soap opera, but with more numbers and fewer dramatic pauses.

Bitcoin’s Up, Ethereum’s… Meh

According to the data (because we all trust data implicitly, don’t we?), Ethereum is currently lounging at $1,558, which is basically the same as its August 2022 price of $1,600. Meanwhile, Bitcoin has gone from $21,500 to $82,302 – a 270% rise that’s basically the crypto equivalent of a glow-up. Mow’s using this widening gap to double down on his claim that Ethereum’s price is, well, a bit of a joke. 🃏

To really hammer his point home, Mow re-tweeted his August 23, 2022 post this week. Because nothing says “I’m right” like quoting yourself from two years ago. His main gripe? Supply. Bitcoin has less than 21 million coins, while Ethereum has 122 million. Mow’s basically saying, “Why are you paying $9.3k for something that’s 60% made of thin air?” Which, fair point, but also, have you *seen* the price of avocados lately? 🥑

#Ethereum is overvalued.

1 BTC = $21.5k
1 ETH = $1.6k

21M BTC supply (actually less)
122M ETH supply (72M premined)

Adjusted for unit bias (ETH price at 21M units) one ETH would be $9.3k.

So some people are paying $9.3k per unit of something that’s 60% printed from thin air.

— Samson Mow (@Excellion) August 23, 2022

Premined Drama: The Plot Thickens

Mow’s also got his knickers in a twist about Ethereum’s origins. Apparently, 72 million ETH tokens (about 60% of the supply) were premined at launch. For crypto purists, this is basically the equivalent of finding out your favorite band lip-syncs. 🎤 Mow’s argument is that if Ethereum had the same supply as Bitcoin, each ETH would be worth around $9,300 today. Which, let’s be honest, is a lot of hypotheticals for one tweet.


Macroeconomic Mood Swings

Ethereum recently hit a multi-year low of $1,380 because of global trade war tensions. But then it bounced back to $1,680 after Trump announced a three-month tariff hike pause. Because, of course, the fate of cryptocurrencies is tied to whatever the US President is tweeting about. 🤷‍♀️


The Never-Ending Campaign

This isn’t Mow’s first rodeo when it comes to bashing Ethereum. He’s been at it for years, like a dog with a particularly juicy bone. 🦴 In November 2024, he warned investors that Ethereum could go the way of their favorite tokens. And now, with his prediction that Bitcoin will hit $1 million this year, he’s telling everyone to sell everything (including Ethereum) and buy Bitcoin instead. Because, you know, diversification is for quitters. 💼

At the end of the day, this whole debate is just another chapter in the never-ending saga of Bitcoin vs Ethereum. Bitcoin maximalists like Mow are all about scarcity and “digital gold,” while Ethereum supporters are like, “But what about smart contracts and, you know, actual utility?” As the price gap between the two keeps growing, so does the drama. And honestly, we’re here for it. 🍿

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2025-04-12 08:16