Samsun Mo, CEO of JAN3 and Bitcoin’s strong supporter, dropped the truth bomb for encryption investors. MOW has explained the number of investors who fall into a trap called “unity bias”, thinking about cheap metal currencies like XRP, Sol are better deals. But according to MW, this is a big mistake, as the true value of Bitcoin lies.
Bitcoin one = one from 21 million
Looking at Bitcoin’s general supply, only there 21 million bitcoin In the world and this number will never rise. So when someone buys 1 BTC for about $ 85,000, they buy 1 out of only 21 million pieces. This gives Bitcoin its strong value.
According to MoW, if we apply this same idea to other cryptocurrencies, things become interesting. He divided the market caps of Ethereum, XRP and Solana by 21 million, just like the total Bitcoin supplies.
The results were surprising.
- Ethereum: 193 billion dollars (the maximum market) / 21 million = 9200 dollars
- XRP: 121 billion dollars / 21 million dollars = 5,800 dollars
- Solana: 71 billion dollars / 21 million dollars = 3400 dollars
According to this logic, buying a “equivalent unit” of ETH or XRP is much more expensive than people realize.
The real problem is “the bias of unity”
MOW explains that this confusion is caused by the bias of the unit. Most Altcoins has a very high supply, making the price for everyone look cheap. For example, someone may say, “XRP is only $ 2, but Bitcoin is $ 85,000, and this is very expensive!”
But they do not understand that a small price does not mean it is a good deal. This is called the bias of the unit, and Mww says it deceives new investors.
He says what people do not realize is that XRP has a much higher supply About 58.3 billionWhich makes low price misleading.
Bitcoin is still king
According to the class, as soon as people understand how the bias of unity works, they will realize that Bitcoin provides a better long value. It is expected that more investors will return to Bitcoin, which increases its hegemony in the encryption market.
His message to everyone is simple: “Bitcoin only”.
Recently, mow Expect the bitcoin It will reach one million dollars by 2021.
