The post JAN3 CEO Exposes the Big Crypto Illusion – No Way XRP Matches Bitcoin at $5,800 appeared first on Coinpedia Fintech News
Samson Mow, CEO of JAN3 and a strong Bitcoin supporter, just dropped a truth bomb for the crypto investors. Mow explained how many investors fall for a trap called “unit bias,” thinking cheap-looking coins like XRP, SOL are better deals. But according to Mow, this is a big mistake, as the real value lies with Bitcoin.
One Bitcoin = One of 21 Million
Looking at the Bitcoin overall supply, there are only 21 million Bitcoins in the world and that number will never go up. So when someone buys 1 BTC for around $85,000, they are buying 1 out of just 21 million pieces. That’s what gives Bitcoin its strong value.
According to Mow, if we apply this same idea to other cryptocurrencies, things get interesting. He divided the market caps of Ethereum, XRP, and Solana by 21 million, just like Bitcoin’s total supply.
The results were surprising;
- Ethereum: $193 billion (market cap) / 21 million = $9,200
- XRP: $121 billion / 21 million = $5,800
- Solana: $71 billion / 21 million = $3,400
According to this logic, buying one “equivalent unit” of ETH or XRP is much more expensive than people realize.
The Real Problem Is “Unit Bias”
Mow explains that this confusion is caused by unit bias. Most altcoins have a very high supply, which makes their per-token price appear cheap. For example, someone might say, “XRP is only $2, but Bitcoin is $85,000, that’s too expensive!”
But they don’t understand that a small price doesn’t mean it’s a good deal. This is called unit bias, and Mow says it fools new investors.
Mow says what people don’t realize, he says, is that XRP has a much higher supply of around 58.3 billion, which makes the low price misleading.
Bitcoin Is Still King
As per Mow, once people understand how unit bias works, they’ll realize that Bitcoin offers better long-term value. He expects more investors to move back to Bitcoin, increasing its dominance in the crypto market.
His message to everyone is simple: “Bitcoin only.”
Recently, Mow predicted that Bitcoin would hit $1 million by 2021.
