Samson Mow, a Bitcoin maximalist, predicts that Ethereum bag holders will rotate back to Bitcoin once ETH prices hit a sufficient level. However, he suggests that historical market cycles may indicate ongoing growth for altcoins.
Referring to the ‘Bagholder’s Dilemma’, Mow explains that ETH holders often sell their ETH to return to BTC, creating new bagholders. Successful price surges in Ethereum typically attract institutional investors, enhancing DeFi metrics.
Investor Ted Pillows believes ETH may reach a new peak before capital flows back to BTC. Notably, the ETH/BTC ratio recently broke a downward trend, suggesting shifts in trading patterns while Bitcoin dominance declined.
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