Samson Mow, CEO of blockchain firm Pixelmatic, warned investors about altcoins.
Samson Mow, one of the popular actors of the cryptocurrency market, makes statements that worry altcoin investors found. The experienced name argues that Bitcoin has started to break its connection with the cryptocurrency market in general and will witness much more serious rises. He argued that altcoins will be crushed against Bitcoin.
Bitcoin currently NASDAQ–SP500 While emphasizing that it differentiates itself from traditional financial products such as “will swallow” he predicted.
Samson Mow, who stated that Bitcoin will rise to 1 million dollars in the past period, asked the following question to altcoin investors based on this thesis:
My question to cryptocurrency investors is this: As Bitcoin rises to $1 million, do you think your favorite shitcoin will be able to follow suit? No, they won’t be able to.
In past bull cycles, Bitcoin has always experienced the primary and greatest rise. Then the money shifted to meme coins and similar investments, which were seen as riskier products.