Unlike investor Dan Tapiero, who is optimistic about both Bitcoin and Ethereum, Mow disagrees. Known as a Bitcoin maximalist and a strong critic of Ethereum, Mow is also one of the firm believers that BTC could reach $1 million in the near future.

When Will Bitcoin’s Rally Begin? Samson Mow Replies

In a recent post, Samson Mow stated that Bitcoin’s price is unlikely to recover from its current lows unless its market dominance increases. He made this comment while quoting Dan Tapiero, founder and CEO of 10T Holdings and 1RoundTable Partners.

Tapiero had previously noted that “the Bitcoin and Ethereum bull market still has much further to run,” showing his support for both major cryptocurrencies.

Mow, however, has a different view of Ethereum. According to him, ETH is currently in the “final stages of a pump-and-dump.” He believes that once Ethereum resumes its long-term downtrend against Bitcoin, BTC will start running again with strength.

Bitcoin Bounces Back From $112,000

Last week, Bitcoin dropped by 5.35%, falling from the $118,502 level down to $112,163. Over the past 24 hours, though, BTC has regained some ground, rising by nearly 1%.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Samson Mow Shares His Bitcoin Prediction! When Will BTC Rise Again? appeared first on Coin Engineer.