Samson Mow, the most vocal supporter of Bitcoin, has made a daring prediction that the cryptocurrency community should take seriously. When Ether prices reach the sweet spot, he thinks Ethereum investors will rush back into Bitcoin, possibly reversing the remarkable five-week surge that ETH has experienced, reaching $4,350.
Even though I can practically hear the Ethereum acolytes complaining, Mow isn't holding back. He claims that many ETH holders already have a ton of Bitcoin, particularly insiders or those who participated in the ICO. Thanks to those Ethereum Treasury companies, they have been converting that Bitcoin into Ethereum and driving up the price with new stories. However, Mow anticipates that once ETH reaches a certain level of value, they will dump it, giving rise to a whole new generation of "bagholders", those who are left holding the token while its value plummets, who will then immediately convert their gains back into Bitcoin.
Let me explain what’s happening with ETHBTC.
— Samson Mow (@Excellion) August 10, 2025
Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s).
Once they’ve gotten it high enough, they’ll dump their ETH, creating new generational…
The CEO of the Bitcoin adoption company Jan3 said, "no one wants ETH in the long run," which may hurt Mow's feelings, but it's his honest assessment. He continued by saying that it will be difficult for Ether to reach new all-time highs because, well, once the price approaches that psychological level, people will want to sell. You are familiar with the well-known "Bagholder's Dilemma": when you reach your peak, everyone wants to cash out.
The "Bagholder's Dilemma" and the ETH/BTC Ratio
Mow isn't worried about the ETH/BTC ratio reversing its downward trajectory. He believes that, like in the days of the initial coin offering (ICO), Ethereum has always served as a springboard for investors to accumulate more Bitcoin.
At 0.036, the price of Ether is now twice as high as it was in April, when it hit a five-and-a-half-year low of 0.018, according to the metric. Since Bitcoin's price has remained largely unchanged despite ETH's rise, some have questioned whether Ether is merely another way to obtain more BTC.
Mow's tirade was met with disapproval from Ethereum enthusiast Anthony Sassano, who called it "old school Bitcoin maxis" disparaging Ethereum. There is obviously some disagreement on this, as he interprets this as a bullish sign for ETH.
The Rotation of Great Crypto
Don't discount altcoins just yet, though. Ted Pillows, an investor, expressed a slightly different opinion, predicting that Ethereum will set new price records before igniting a mini altseason. The cycle will then repeat itself with a final rotation back into ETH and altcoins, he predicts, after capital has rotated back into Bitcoin, pushing it to about $140,000. Bitcoin sets the scene, and Ethereum and other cryptocurrencies follow the drama. It's essentially your typical crypto cycle.
I think the next few months could follow a familiar rotation pattern.
— Ted (@TedPillows) August 10, 2025
First, $ETH moves higher and breaks ATH.
This sparks a mini alt season.
Then, capital rotates into BTC, aiming for $140K.
Alts lag as traders focus on Bitcoin.
Finally, Ethereum and alts take the lead…
Indeed, since June, Bitcoin's dominance has decreased by roughly 10% as altcoins have begun to gain traction. Ether's recent spike to $4,300 indicates that interest in the cryptocurrency has increased. Nick Ruck, director of LVRG Research, claims that DeFi platforms have benefited from institutional interest in Ethereum's strategy reserve plays, which has further increased user interest in yield farming tactics.
The Road to All-Time Highs for ETH Prices
Since 2021, Ethereum hasn't been this popular. After a strong 21% weekly gain, ETH actually reached its highest weekly close since November 2021, closing above $4,300 in late Sunday trading. Bitcoin maximalists may be shaking their heads, but the momentum is still very much in favor of ETH, which is only 12% away from its all-time high of $4,878, set in 2021.
Will Ethereum continue to rise as part of this altcoin-Bitcoin rotation, or will it be a passing fad? The next market cycle and time will tell.
Gunel Ismayilova
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