Pantera Capital portfolio manager Cosmo Jiang says that the firm is expecting altcoins to outperform Bitcoin (BTC) by “many multiples” in the current market cycle.
In a new interview with Yahoo Finance, Jiang says that the growing number of altcoins could entice traders to invest in crypto assets other than Bitcoin – something he noticed over the last few cycles.
“The investment universe in crypto is quite wide. While some investors’ journey ends at Bitcoin, it’s important to realize that digital assets are more than just that.
There are 400 tokens with more than $100 million market cap and as the next cycle gets underway, we believe that – and we’ve seen over the last few cycles – that the other coins outside of Bitcoin really can outperform by many multiples during the different phases of the bull market.”
Jiang goes on to say that Pantera’s game plan is to accumulate for the long term, adding that the investment firm views crypto tokens as new me
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