Willy Woo: BTC is a k-year perfect asset, Samson Mow expects ETH capital to flow back.

Bitcoin BTC analyst Willy Woo stated at the Baltic Badger conference that Bitcoin is the "perfect asset" for the next 1,000 years, but to surpass the US dollar and gold, it must attract more capital. Meanwhile, Bitcoin pioneer Samson Mow predicts that once the price of Ethereum ETH reaches a high, investors will sell off ETH and flow back into Bitcoin, potentially changing the current market rotation pattern.

Samson Mow: Funds will flow back to BTC after ETH peaks

JAN3 CEO Samson Mow pointed out that many ETH holders actually own a large amount of BTC, and recently converting BTC to ETH is to participate in new narratives and investment opportunities. He believes that once the ETH price is high enough, these investors will sell ETH, converting their gains back into BTC, describing this as the "holder's dilemma."

Mow emphasized that the ETH/BTC ratio has doubled from the April low of 0.018 to 0.036, but the long-term trend remains unchanged, "Ethereum has always been a tool for acquiring more Bitcoin."

Different Perspectives: Altcoin Rotation or Ahead of BTC Peak

Investor Ted Pillows believes that ETH may reach a new high first, triggering a mini altcoin season, after which funds will flow back to BTC, pushing it up to around $140,000, and finally flowing back into ETH and altcoins. This rotation pattern has appeared multiple times in historical bull markets, and currently Bitcoin's dominance has decreased by 10% since the end of June.

LVRG Research Director Nick Ruck added that the rise of ETH to $4,300 was primarily driven by institutional funds and the growth of DeFi platform TVL, as innovative yield farming and lending strategies attracted more users to return.

Willy Woo: BTC is a perfect asset for a millennium, but requires more capital

Bitcoin analyst Willy Woo stated that Bitcoin is the "most perfect asset" for the next 1,000 years, but if it cannot attract enough capital, it will be difficult to replace the status of the US dollar and gold. Currently, the market capitalization of BTC is $2.42 trillion, which is only 11% of gold's $23 trillion market cap, while the money supply of the US dollar is $21.9 trillion.

Woo pointed out that while Bitcoin financial companies promote adoption, their debt structures are opaque, which may trigger a bubble burst and a selling wave during market adjustments.

Custodial Risks and Business Adoption Prospects

Woo warns that reliance on spot Bitcoin ETFs and institutional custody (such as Coinbase Custody) may lead to more BTC concentrated within a country's controllable scope, increasing policy risks. He advocates for promoting self-custody and believes this will gradually become mainstream from enterprises to individuals.

Blockstream CEO Adam Back believes that enterprises are still a reasonable starting point for Bitcoin adoption. If enterprises cannot achieve returns higher than Bitcoin, they should directly hold BTC as part of their asset allocation.

Conclusion

Willy Woo and Samson Mow's perspectives reveal two core issues in the cryptocurrency market: Bitcoin's long-term asset status and the capital rotation pattern. As ETH approaches its historical high and BTC faces challenges in capital and custody, the market direction will depend on institutional capital flows and investor confidence. For investors, this may be a key moment to reassess asset allocation and risk management.