Pantera Capital's general partner Cosmo Jiang stated that investors who missed the cryptocurrency wave still have the opportunity to enter the market, as most people do not yet hold any cryptocurrency.
BTC recently broke through $126,000 for the first time, setting a new all-time high, but Jiang mentioned on CNBC's "Fast Money" on Monday that most investors are still on the sidelines, with zero allocation to digital assets.
"A survey by Bank of America a few weeks ago showed that over 60% of investors still have a 0% allocation to digital assets," he said.
The National Cryptocurrency Association (NCA) released its "2025 Cryptocurrency Status Report" in May, which found that only one-fifth of American adults (21%) hold any form of cryptocurrency.
Globally, the United Arab Emirates leads in cryptocurrency adoption, but according to a report by ApeX Protocol in September, only 25.3% of the population holds any cryptocurrency.
Stocktwits market director Tom Bruni told Cointelegraph in September that the frequent rise in BTC prices might scare off investors who think they have missed the opportunity.
In addition to the significant growth potential remaining in the market, Jiang also stated that from Pantera's perspective, the past few years have been about "legitimizing Bitcoin," and now that people "understand it," it's time for altcoins to shine in the spotlight.
"The next step, which Congress is really pushing for, is to help other digital assets find their place. Ethereum, Solana," he said.
U.S. President Trump signed the GENIUS Act in July, aimed at regulating stablecoins; however, the final regulations are still awaiting implementation. The legislation for the cryptocurrency market structure in the U.S., known as the CLARITY Act, is also still in development and is expected to reach Trump's desk by the end of the year.
Jiang noted that while people may still be on the sidelines, BTC continues to see a steady flow of funds from profit-takers to new buyers under the "overwhelming demand" for exchange-traded funds.
"This year's theme is that many resistances have turned into tailwinds for cryptocurrency, especially as stock investors massively embrace the idea of digital assets," he said.
The spot Bitcoin ETF recorded a net inflow of $3.24 billion last week, nearly matching the record week in November 2024.
Related: Senator Lummis: Funding for the U.S. Strategic Bitcoin Reserve (SBR) "can start at any time"
Original article: “Pantera Executive: Despite Bitcoin (BTC) hitting new highs, it’s still ‘not too late’ to invest in cryptocurrency”
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