Samson Mow Criticizes Ethereum and Trump's Trade Tariffs
Samson Mow Criticizes Ethereum and Trump's Trade Tariffs
Samson Mow, a prominent Bitcoin supporter and CEO of JAN3, has once again criticized Ethereum, highlighting its recent price drop to lows last seen in October 2023. Ethereum (ETH) currently trades at $1,589, reflecting a 5.24% decline over the past 24 hours. Mow revisited a 2022 tweet, noting ETH's similar price point then, while Bitcoin (BTC) was at $21,600. Recently, BTC surged 8.51%, influenced by the suspension of U.S. trade tariffs on 180 countries, particularly impacting China with over 100% tariffs.
Mow expressed skepticism about the tariffs' benefits to the U.S. economy, doubting they would boost jobs or production. He argued that close U.S.-China production ties would lead to higher input costs and a lack of manufacturing infrastructure in the U.S. Mow questioned who would hire workers for manufacturing, given the economic challenges on Main Street.
This summary captures Mow's views on Ethereum's volatility and his critique of trade policies, emphasizing the interconnectedness of global economics and cryptocurrency markets.
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