### Samson Mow Raises Eyebrows Again Over Ethereum’s Valuation
Samson Mow, the Bitcoin OG and CEO of Jan3, is back in the spotlight, this time casting a critical eye on Ethereum (ETH), the second-largest cryptocurrency by market capitalization. Mow has expressed his belief that ETH is currently overpriced and may be due for a more significant price correction in the near future.
### Is Ether Overvalued Compared to Bitcoin?
Earlier today, Mow revisited a tweet he shared back in August 2022 concerning Ethereum’s valuation. At that time, ETH was trading at approximately $1,600 per coin, a price point it has returned to recently. In contrast, Bitcoin was valued at $21,500 in 2022, but has surged to around $80,000 today. Mow argues that Ether is overpriced when compared to Bitcoin’s valuation.
He pointed out that Bitcoin has a capped supply of potentially less than 21 million coins, while Ethereum boasts a total supply of 122 million, with 72 million of those coins premined. Mow believes that if Ethereum had a supply limit similar to Bitcoin’s, its value would be around $9,200 per coin. This calculation leads him to conclude that Ether investors are currently paying a premium of $9,300 for each unit.
Nearly three years after his initial tweet on Twitter (now known as X), Mow maintains his stance that Ethereum is overvalued. He argues that the asset’s price does not align with its supply, claiming that 60% of Ethereum was “printed from thin air.”
Ethereum is still overvalued. [https://t.co/4oeQaCQMLV](https://t.co/4oeQaCQMLV) — Samson Mow (@Excellion) April 10, 2025
As of now, ETH is trading just above $1,500, having experienced a 7.2% decline in value over the past 24 hours. The cryptocurrency market has recently faced a sharp downturn as investor attention shifted towards escalating tensions between the U.S. and China.
Cryptocurrencies saw a brief rebound on Wednesday following President Donald Trump’s announcement of a 90-day pause on tariffs for various countries, excluding China. However, prices quickly retraced today after a White House official clarified that the total tariff rate on China is now set at 145%, rather than the 125% mentioned by President Trump the previous day.
