Entrepreneur and JAN3 CEO Samson Mow has shared an analysis claiming that Ethereum, XRP, and Solana are overvalued when measured against Bitcoin’s fixed supply model. His argument mainly focuses on reframing altcoin values to combat what he terms “unit bias.” “You can buy one twenty-one millionth of the BTC supply for ~$85,000,” Mow stated on X . He referenced Bitcoin’s ( BTC ) capped supply of 21 million coins. Mow then calculated equivalent values for major altcoins by dividing their market capitalizations by 21 million to establish comparable metrics. Most alts take advantage of unit bias by utilizing a very high supply, so people can't figure out what they're buying. "XRP is *only* $2 but Bitcoin is too expensive at $85,000!" Unit bias is absolutely destroying the uninitiated. #Bitcoin only. — Samson Mow (@Excellion) April 19, 2025 Using this methodology, Mow calculated that the equivalent “one twenty-one millionth” portion of various networks would cost significantly less than their current market valuations suggest: $9,200 for Ethereum ( ETH ), $5,800 for XRP ( XRP ), and $3,400 for Solana ( SOL ). Mow predicts Bitcoin dominance to go higher “No way these alts are worth that much,” Mow concluded. He predicted that “Bitcoin dominance is going so much higher” as a result of this perceived mispricing. Bitcoin dominance is presently hovering at 63.71% as per TradingView data . Bitcoin dominance chart – Source: Tradingview Mow’s calculations look at altcoins by comparing them to Bitcoin’s fixed supply. For Ethereum, with its approximately $193 billion market capitalization divided by 21 million, he arrives at $9,200 as the equivalent value. “Instead of buying that one twenty-one millionth of Ethereum, you could buy just 0.11 BTC,” Mow argued. You might also like: Crypto VC funding: Auradine secures $153m, World Liberty Fi inks deal with DWF Labs “XRP is only $2 but Bitcoin is too expensive at $85,000!” he wrote. Mow also added that “Unit bias is absolutely destroying the uninitiated.” This viewpoint comes as the dominance of Bitcoin has grown respectably throughout a number of time periods. According to TradingView data, the dominance of Bitcoin has increased by 14.48% over the last year. It has also spiked 9.15% over the last six months, 9.71% year to date, and 3.76% over the last month. While Bitcoin has a fixed cap of 21 million coins with decreasing issuance through halvings, Ethereum has moved to a deflationary model after implementing EIP-1559, which burns a portion of transaction fees. Even XRP has a pre-mined supply of 100 billion tokens, with approximately half in circulation. Solana has an inflationary model with dropping inflation rates over time. You might also like: Bitcoin to $1m? ‘Rich Dad Poor Dad’ author predicts when, but it hinges on disaster
