JAN3 CEO and Bitcoin maximalist Samson Mow has assessed how a lot XRP would price if it had the identical provide as Bitcoin.
Samson Mow, CEO of Bitcoin-focused know-how agency JAN3, has once more expressed his criticism of altcoins, notably XRP, by highlighting their market values via a Bitcoin-based lens.
Mow Highlights the Unit Bias
In a publish trying to debunk biases pushed by price-per-coin metrics, Mow recalculated the worth of a number of in style cryptocurrencies as if they’d Bitcoin’s restricted provide of 21 million cash.
This strategy called attention to what he described because the deceptive impact of “unit bias.” Notably, this idea refers to a psychological lure the place traders mistake a low value for an excellent deal with out contemplating the general market cap and provide. These traders usually declare Bitcoin’s value is simply too excessive, opting as an alternative for property with decrease costs.
For example, an asset similar to Shiba Inu has a value considerably decrease than a token like XRP, as SHIB trades for $0.000012 at press time, whereas XRP modifications fingers at $2. Nevertheless, does Shiba Inu’s cheaper price make it a greater deal than XRP or different altcoins with greater costs?
XRP Would Commerce at $5,800 per Bitcoin-sized Unit
Mow leveraged this idea to handle the bias across the costs of altcoins and Bitcoin. On the time of his evaluation, XRP had a market cap of round $122 billion. Dividing that determine by Bitcoin’s fastened provide of 21 million tokens ends in a theoretical price of round $5,800 for what he calls a “Bitcoin-sized share” of XRP.
Merely put, if XRP had the identical provide as Bitcoin, every XRP coin could be priced at practically $6,000. In the meantime, Bitcoin at this provide trades for $85,000, a considerably greater value.
With this comparability, Mow argues that XRP isn’t as low-cost because it seems when buying and selling at only a few {dollars} per coin. Based on Mow, many traders mistakenly see XRP’s low value as a discount, failing to account for its large circulating provide.
Most alts make the most of unit bias by using a really excessive provide, so individuals cannot work out what they’re shopping for.
“XRP is *solely* $2 however Bitcoin is simply too costly at $85,000!”
Unit bias is completely destroying the uninitiated.#Bitcoin solely.
— Samson Mow (@Excellion) April 19, 2025
Talking additional, he prolonged his evaluation to Ethereum (ETH) and Solana (SOL). On the time, Ethereum’s market cap hovered round $193 billion. Making use of the identical technique yields a worth of about $9,200 for a Bitcoin-sized share. Solana, with a market cap of about $71 billion, interprets to roughly $3,400 per share utilizing Bitcoin’s provide normal.
These recalculations develop on Mow’s message: that high-supply cash like XRP, ETH, and SOL will not be as cheap as they appear. In reality, by evaluating them to Bitcoin’s scarce mannequin, he suggests they could be massively overvalued.
Mow Continues to Champion Bitcoin Over Altcoins
The Bitcoin maximalist’s conclusion was that as an alternative of spending $5,800 to personal a Bitcoin-equivalent slice of XRP, traders might as an alternative buy round 0.068 BTC value $5,800 at Bitcoin’s value level of $85,000.
To Mow, this presents much better worth and long-term safety attributable to Bitcoin’s provide and decentralized basis. His broader level is that many altcoins use excessive provide volumes to masks their true valuation, luring in traders with what seems to be low entry prices.
Mow’s latest commentary is constant together with his long-standing advocacy for Bitcoin and skepticism towards altcoins. He has repeatedly taken to public platforms to precise his perception that Bitcoin is the one cryptocurrency value holding for the lengthy haul.
In Could 2024, he reacted critically to the approval of Ethereum spot ETFs, emphasizing that altcoins don’t contribute to Bitcoin’s progress. Earlier that yr, he warned that altcoins like Solana have been grossly overvalued, declaring that their market cap had ballooned to $73 billion whereas MicroStrategy, a agency holding billions in Bitcoin, was valued at lower than half that.
His criticisms have prolonged to XRP particularly. In a February 2025 interview, Mow included XRP and Solana amongst altcoins he believed have been dramatically overpriced in comparison with their fundamentals.
Nevertheless, regardless of XRP’s greater provide, some XRP proponents consider the asset has the potential to succeed in greater costs. For example, (*1*) have persistently emerged. Notably, for BTC to ship the identical returns as XRP at $100, the crypto firstborn would wish to rise to $4 million.
DisClamier: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article might embrace the writer’s private opinions and don’t replicate The Crypto Primary opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Primary isn’t accountable for any monetary losses.
