Pantera Capital Expects Altcoins to Outperform Bitcoin
Pantera Capital portfolio manager Cosmo Jiang predicts that altcoins will outperform Bitcoin (BTC) by a significant margin in the current market cycle. In an interview with Yahoo Finance, Jiang highlights the growing number of altcoins and how they can entice traders to invest in crypto assets other than Bitcoin.
Wide Investment Universe in Crypto
Jiang emphasizes that the investment universe in the crypto space is vast, extending beyond Bitcoin. He notes that there are over 400 tokens with a market cap of over $100 million. Based on previous market cycles, Pantera Capital believes that these alternative coins have the potential to significantly outperform Bitcoin during different phases of the bull market.
Long-Term Investment Strategy
Pantera Capital’s approach is focused on long-term investments. The firm views crypto tokens as a new method of capital formation. According to Jiang, many businesses may never have access to traditional stock exchanges but can issue tokens as a form of capital. Therefore, Pantera Capital seeks tokens that represent protocols with real product market fit, strong management teams, and sensible business models.
Hot Take: Altcoins Set to Shine
Pantera Capital’s prediction that altcoins will outperform Bitcoin by many multiples in the current market cycle highlights the potential for significant returns from investing in alternative cryptocurrencies. With a wide investment universe and numerous altcoins boasting substantial market caps, traders may find opportunities for substantial gains outside of Bitcoin. Pantera Capital’s long-term investment strategy focuses on identifying tokens with solid fundamentals and growth potential. By recognizing that digital assets extend beyond Bitcoin, investors can diversify their portfolios and potentially maximize their returns in the ever-evolving crypto market.
By
By
By
By
By
By