Altcoins Set to Eclipse Bitcoin in Current Cycle, According to Crypto Expert
According to portfolio manager Cosmo Jiang of Pantera Capital, the firm anticipates that alternative cryptocurrencies (altcoins) will surpass Bitcoin (BTC) by significant margins in the ongoing market cycle.
In a recent conversation with Yahoo Finance, Jiang observed a growing interest among traders in diversifying their crypto investments beyond Bitcoin, a trend he has noticed in previous market cycles.
He emphasizes the broad spectrum of investment opportunities within the crypto space, noting that while some investors focus solely on Bitcoin, it’s essential to recognize the diversity of digital assets available.
With over 400 tokens boasting market capitalizations exceeding $100 million, Jiang suggests that, based on past cycles and the forthcoming one, alternative coins have the potential to outperform Bitcoin manifold during various phases of bullish market activity.
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Jiang elaborates on Pantera’s investment approach, highlighting their long-term perspective and their belief in crypto tokens as a novel avenue for capital formation.
He underscores the transformative nature of tokens as a means of capitalism and capital formation, noting that many businesses may solely rely on tokenization rather than traditional equity markets like the New York Stock Exchange.
Pantera’s strategy, Jiang explains, mirrors traditional investment paradigms, focusing on tokens representing protocols with genuine product-market fit, robust management teams, and coherent business models.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
