Altcoins Likely To Outperform Bitcoin by Many Multiples, According to Pantera Portfolio Manager

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 method of capital formation.

“’At Pantera, we’re very long-term investors. A defining thesis for us really is that tokens are a new form of capital formation. A lot of businesses will never have a New York Stock Exchange boosted equity, they will only ever have a token…

It is a very fundamental, revolutionary form of capitalism and capital formation. Our strategy then, is gonna sound really familiar to those who invest in traditional equities or hedge funds.

Really the core of our strategy is finding tokens that represent protocols with real product market fit, a strong management team, [and] a business model that makes sense.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Declan Hillman

Generated Image: DALLE-2

The post Altcoins Likely To Outperform Bitcoin by Many Multiples, According to Pantera Portfolio Manager appeared first on The Daily Hodl.