A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin
Sourcing initial capital from his mother to build a $1 billion crypto empire, DFG CEO James Wo says market metrics do not support Tom Lee’s $250,000 ether prediction.
AI Summary
James Wo, CEO of crypto investment firm DFG, argues that bitcoin has stronger institutional consensus and safe-haven status than ether, dismissing Tom Lee's prediction of $250,000 ether. He claims Ethereum's value is diluted by activity moving to Layer-2 networks and doubts ether will reach a new all-time high. Wo forecasts bitcoin will outperform stock markets, could correct to about $60,000, and may peak around $125,000 in 2027 or 2028.