Billion-dollar crypto investor doubles down on bitcoin, questions Ethereum's upside
James Wo, CEO of DFG, says bitcoin remains the dominant institutional crypto asset, while ether is unlikely to match its status soon. He rejected bullish calls for ETH to reach $250,000, arguing that bitcoin has broader consensus and recognition as a safe-haven asset, whereas Ethereum’s value accrual is weakened by Layer-2 networks diverting fees and activity away from the base layer. Wo thinks ether may not reclaim its all-time high, while bitcoin should continue to perform well. Wo built DFG from early bitcoin investments into a large crypto venture firm with over $1 billion in assets under management, backing projects such as Solana, Polkadot, Near, and Circle’s USDC. He remains constructive on bitcoin, calling it the world’s best-liquidity investment and expecting it to outperform Chinese and U.S. stocks. He sees possible short-term volatility but expects bitcoin to set new highs around 2027–2028, potentially near $125,000.
