Pantera Capital basic associate Cosmo Jiang mentioned traders who’ve missed out on the cryptocurrency wave nonetheless have an opportunity to get in, as most individuals don’t personal any.
Bitcoin lately crossed over $126,000 for the primary time, hitting its new all-time excessive, however Jiang said in a Monday episode of CNBC’s Quick Cash that almost all traders are nonetheless on the fence with zero publicity to digital property.
“There’s a Financial institution of America survey from just a few weeks in the past that confirmed greater than 60% of traders nonetheless personal 0% publicity to digital property,” he mentioned.
“That’s quite a bit. And so the concept digital property, it’s too late within the sport, isn’t true if most individuals don’t personal it.”
Crypto possession nonetheless has loads of room to develop
The Nationwide Cryptocurrency Affiliation’s (NCA) 2025 State of Crypto report, launched in Could, found that only one in five American adults or 21%, personal at the very least some type of cryptocurrency.
On a world scale, the United Arab Emirates leads nations in crypto adoption, although nonetheless solely 25.3% of the inhabitants holds any, according to a September report from the ApeX Protocol.
Tom Bruni, head of markets at Stocktwits, told Cointelegraph in September that Bitcoin’s often rising value might be scaring away traders who assume they’ve already missed the boat.
Bitcoin is now seen as reputable; it’s time for altcoins to shine
Together with the market nonetheless having a big runway for development, Jiang additionally mentioned that from Pantera’s perspective, the previous couple of years have all been about “legitimizing Bitcoin,” and now that folks “get it,” it’s time for altcoins to take their flip within the highlight.
“The following step. And actually what Congress laws is admittedly enabling is for the remainder of the digital property to actually have their place. Ethereum, Solana,” he mentioned.
“This stuff are massive tech platforms that are actually rising at a fast tempo. And we consider Solana is on tempo to be what might be the subsequent technology mega-cap tech firm.”
US President Donald Trump signed the GENIUS Act into regulation in July, which goals to manage stablecoins; nevertheless, it’s nonetheless awaiting ultimate laws to be carried out. The crypto market construction laws within the US, the CLARITY Act, can be nonetheless within the works and is tipped to hit Trump’s desk by the top of the yr.
Digital property are nonetheless being embraced
Individuals would possibly nonetheless be ready on the sidelines, however Jiang mentioned Bitcoin remains to be seeing stable flows from revenue takers to new consumers amid “overwhelming demand” within the exchange-traded funds.
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“This yr is all about so many headwinds changing into tailwinds for crypto, particularly round this concept of fairness traders embracing digital property in a giant approach,” he mentioned.
“We’ve seen the flows actually begin to pour in. From the ETF perspective, the ETF inflows to the Bitcoin ETFs have now exceeded the quantity that’s coming to the Nasdaq since launch, which is fairly loopy to consider.”
Spot Bitcoin ETFs recorded a internet influx of $3.24 billion final week, practically matching their file week in November 2024.
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