Source: Cointelegraph Original: "{title}"

CEO Samson Mow stated on January 3 that after analyzing how the prices of all altcoins would compare to Bitcoin if they had the same total supply, he believes that Bitcoin's dominance has not yet reached the peak of its rise.

His prediction that Bitcoin's dominance will further increase comes at a time when the current Bitcoin dominance has surpassed levels that many crypto analysts expected would not be reached until the end of 2024.

"Unit bias is completely ruining unprepared newcomers," Mow wrote in an X (formerly Twitter) post on April 19. He pointed out that the so-called "unit bias" is a psychological mechanism in behavioral economics, meaning that people generally tend to buy a whole unit or share without considering its price and scale—this often leads inexperienced investors to mistakenly believe that a cheap whole altcoin is a better deal than holding a small portion of Bitcoin.

Mow questions altcoin valuations on a "fair basis"

"You can buy 1/21 million of Bitcoin for about $85,000," Mow stated. He then asked, "What would happen if you removed the unit bias from altcoins and calculated the price equivalent to 1/21 million?"

He noted that if estimated by this logic, Ethereum should be priced at $9,200, Ripple at $5,800, and Solana at $3,400—representing increases of approximately 278,746%, 470%, and 2,328% respectively from their market prices at the time, according to data from CoinMarketCap.

Mow said, "These altcoins absolutely cannot be worth that much."

Anonymous Bitcoin supporter Sunny Po stated on January 12, "Unit bias is a core foundational framework in the thinking of ordinary people. 'The cheaper, the better.'"

Samson Mow pointed out that "most" altcoins exploit this psychological bias by setting extremely high total supplies, causing market participants to "not have a clue what they are actually buying."

According to his calculations, Mow stated that Bitcoin's dominance will "rise much, much more." Bitcoin dominance is a metric that measures Bitcoin's share of the total market capitalization of the entire crypto market, which traders often use to determine whether Bitcoin is nearing a price peak.

Historically, when Bitcoin dominance declines, it usually signifies the beginning of "altcoin season," where funds flow from Bitcoin to altcoins in search of higher returns.

According to TradingView data, at the time of writing, Bitcoin dominance was at 63.69%.

Previously, several crypto analysts predicted that Bitcoin dominance would peak at the end of 2024, with a maximum expected at 60%, after which altcoin season would begin.

In August 2024, Benjamin Cowen, founder of Into The Cryptoverse, stated, "I don't think Bitcoin dominance will return to 70%; my target has always been 60%."

Related: As ETF decisions approach, Dogecoin holders celebrate "Dog Day" on April 20.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。