Samson Mow, vocal Bitcoin supporter and the chief executive at JAN3 company that helps nation-states with BTC adoption, has taken a jab at the second largest cryptocurrency Ethereum once again.
Mow commented on its price as ETH has reached the lows that were last seen in October 2023.
Samson Mow’s anti-Ethereum statement
Samson Mow revisited a tweet he published back on August 23, 2022, when Ethereum traded roughly at the same price as it is now – $1,600 per coin. Bitcoin on that day traded at $21,600. Currently, Ethereum is changing hands at $1,589 after plunging by 5.24% over the past 24 hours.
Ethereum is still overvalued.
— Samson Mow (@Excellion) April 10, 2025
The last time before now, when Ethereum fell to those lows was October 2023.
Before that, however, ETH demonstrated a price surge of 14.26% on Wednesday, following Bitcoin’s 8.51% rise and price trajectory – both printed a massive green candle at first.
This was BTC’s reaction to the suspension of additional trade tariffs implemented by US president Donald Trump on 180 countries. They were particularly heavy on China – more than 100% in total – since the country rejected Trump’s demand to eliminate its own 34% tariff on all American goods entering the country.
Mow criticizes Trump’s trade war with China
In a tweet published earlier, Mow shared his take on the immense increase of trade tariffs on China. While many seem to believe that this move represents a victory and would bring more jobs to the USA, expanding local production, the JAN3 boss doubts that this measure would have such a positive effect on the US economy.
Mow openly opposed the overall celebratory mood about these tariffs, saying that he wants to hear how they will “revitalize jobs and production in the US.” The problem, per the JAN3 boss here is that the production connections between the two countries are too close and tight. Under the current huge tariffs from both sides, in the US “input costs for raw materials and components will be up”, a lack of engineering skills” will follow, and then there is “virtually no manufacturing infrastructure” in the USA.
So Bessent says it’s time for Main Street to take over. In this economy, who’s going to put up the capital to build factories and supply chains? Who’s able to hire workers to make widgets. Main Street is pretty broke. You can’t build infra and pay workers with platitudes.
— Samson Mow (@Excellion) April 9, 2025
“Who’s able to hire workers to make widgets. Main Street is pretty broke. You can’t build infra and pay workers with platitudes,” Mow stated, adding a post to his X thread.
