Cosmo Jiang, a general partner at Pantera Capital, emphasized that investors who have missed the cryptocurrency surge still have opportunities, as the majority do not own any digital assets.
Bitcoin (BTC) recently surpassed $126,000 for the first time, achieving a new all-time high. However, Jiang stated in a recent episode of CNBC’s Fast Money that many investors remain hesitant and lack exposure to digital assets.
“A survey from Bank of America a few weeks ago revealed that over 60% of investors still have 0% exposure to digital assets,” he noted.
“That’s quite significant. The notion that it’s too late for digital assets is inaccurate since most people don’t possess any.”
Crypto ownership still has plenty of room to grow
According to the National Cryptocurrency Association’s 2025 State of Crypto report released in May, only one in five American adults, or 21%, own any form of cryptocurrency.
Globally, the United Arab Emirates tops the list for crypto adoption, yet only 25.3% of its population holds any, as per a September report by the ApeX Protocol.
Tom Bruni, head of markets at Stocktwits, mentioned to Cointelegraph in September that Bitcoin’s rising price may deter investors fearing they’ve missed the opportunity.
Bitcoin is now seen as legitimate; it’s time for altcoins to shine
In addition to the market having significant growth potential, Jiang remarked that the past few years have focused on “legitimizing Bitcoin,” and now that it’s understood, it’s the right moment for altcoins to gain attention.
“The next step, as legislative actions by Congress are facilitating, is for other digital assets to secure their standing. This includes Ethereum and Solana,” he added.
“These are substantial tech platforms that are expanding rapidly. We believe Solana is on track to become a next-generation mega-cap tech entity.”
US President Donald Trump signed the GENIUS Act into law in July, aimed at regulating stablecoins, though final regulations are still pending. The CLARITY Act, addressing crypto market structure legislation in the US, is also in progress and expected to reach Trump’s desk by year-end.
Digital assets are still being embraced
Although many are still on the sidelines, Jiang stated that Bitcoin continues to experience strong interest from both profit takers and new buyers, driven by “overwhelming demand” in exchange-traded funds.
Related: Bitcoin in consolidation as treasuries eye altcoins: Novogratz
“This year is characterized by numerous headwinds transforming into tailwinds for crypto, particularly as equity investors start to seriously adopt digital assets,” he explained.
“We’ve observed significant inflows. For instance, the inflows to Bitcoin ETFs have now surpassed those to the Nasdaq since its inception, which is extraordinary to consider.”
Spot Bitcoin ETFs recorded a net inflow of $3.24 billion last week, closely approaching their record week in November 2024.
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