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Pantera Jiang: Bitcoin Hits Records, But Majority Still Have Not Bought In

Key Takeaways

  • Despite Bitcoin's recent price surge, most investors have not entered the crypto industry, with over 60% having no digital asset exposure;
  • Pantera Capital’s Cosmo Jiang argues it is not too late to invest, as crypto adoption remains limited and participation is still ahead;
  • Platforms like Ethereum and Solana are gaining traction, aided by policy shifts and rising ETF interest from traditional investors.​

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Pantera Jiang: Bitcoin Hits Records, But Majority Still Have Not Bought In

Although Bitcoin BTC $121,239.18 has recently set new price records, many investors have yet to engage with digital currencies, according to Pantera Capital’s Cosmo Jiang.

In an interview on CNBC’s Fast Money on October 8, Jiang explained that the perception of being "too late" to join the crypto market does not reflect the current reality.

Jiang pointed to a recent Bank of America survey showing that over 60% of investors still have no involvement with digital assets.

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He noted, "That’s quite a lot. And so the idea that digital assets, it’s too late in the game, isn’t true if most people don’t own it".

He explained that while Bitcoin has gained greater recognition over the past few years, the cryptocurrency market is only now starting to receive more attention. Platforms like Ethereum ETH $4,483.00 and Solana SOL $223.15 , which serve as foundations for many blockchain-based technologies, are attracting interest.

He also spoke about how recent policy discussions and legislative developments may help expand the use and acceptance of these platforms. Jiang said:

The next step. And really what Congress legislation is really enabling is for the rest of the digital assets to really have their place. Ethereum, Solana.

Additionally, the demand for Bitcoin exchange-traded funds (ETFs) has brought more traditional investors into the industry. Jiang pointed out that many long-time holders are taking profits while new investors are stepping in.

Recently, analysts predicted Bitcoin’s growth after it reached a new all-time high. What did they say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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