Summary
- Cosmo Jiang stated that virtual asset investment will become more fundamentally oriented as the industry matures.
- ETH is losing market share to SOL and other projects.
- Manager Jiang added that altcoins could show greater growth than BTC.
Cosmo Jiang, a portfolio manager at the virtual asset (cryptocurrency) venture capital firm Pantera Capital, stated in an interview with CoinDesk on the 11th (local time) that "virtual asset investment will become more fundamentally oriented as the industry matures."
He explained, "Although the market capitalization of virtual assets has increased to $3.4 trillion due to the recent rise in interest from individual investors, the only way for this asset class to continue growing is by attracting institutional investors." He added, "In the case of Solana (SOL) and Ethereum (ETH), there is much debate, but ETH is losing market share to SOL and other projects."
Furthermore, he noted, "SOL has an advantage in terms of interface and shows strength in meme coins and decentralized exchanges (DEX), but even if SOL performs well, it cannot surpass the returns of Bitcoin (BTC)."
Finally, he added, "If the Trump administration increases blockchain adoption as expected, altcoins will show much greater growth than BTC."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
