Altcoin Unit Bias Criticized as ‘Destroying’ Crypto Beginners

Jan3 CEO Samson Mow argues that Bitcoin dominance is likely to continue rising due to a psychological phenomenon known as unit bias. This bias, often causing less experienced investors to assume cheaper whole altcoins are better value than part ownership of Bitcoin, leads to inflated valuations for altcoins according to Mow. 2024 forecasts were predicting Bitcoin Dominance would reach around 60% before a likely altcoin season, however, Mow believes the dominance is set to rise even higher.