Pantera Capital’s general partner, Cosmo Jiang, stated that investors who missed the cryptocurrency surge still have an opportunity to invest, as the majority do not own any digital assets.
Bitcoin (BTC) recently surpassed $126,000, achieving a new all-time high, yet Jiang mentioned in a CNBC’s Fast Money episode that a significant number of investors lack exposure to digital assets.
“A Bank of America survey from a few weeks ago indicated that over 60% of investors still have 0% exposure to digital assets,” he remarked.
“That’s a considerable figure. Hence, the belief that it’s too late to invest in digital assets is incorrect if the majority haven’t invested.”
Opportunities for Crypto Ownership Still Abound
The National Cryptocurrency Association’s 2025 State of Crypto report, published in May, revealed that only 21% of American adults own some form of cryptocurrency.
Globally, the United Arab Emirates is at the forefront of crypto adoption, yet only 25.3% of its population holds any cryptocurrency, as reported in September by the ApeX Protocol.
Tom Bruni, head of markets at Stocktwits, told Cointelegraph in September that Bitcoin’s consistent price increases might deter investors who feel they have already missed their chance.
Bitcoin Gained Legitimacy; Now It’s Altcoins’ Turn
Besides the market having substantial growth potential, Jiang expressed that recent years have focused on “legitimizing Bitcoin,” and now that understanding is widespread, it’s time for altcoins to shine.
“The next phase. And really what Congress is working on is allowing other digital assets to establish their space. Ethereum, Solana,” he stated.
“These are major tech platforms that are rapidly evolving. We believe Solana has the potential to become the next mega-cap tech entity.”
In July, US President Donald Trump signed the GENIUS Act into law, aimed at regulating stablecoins; however, final regulations are still pending. The CLARITY Act, focused on the crypto market structure legislation in the US, is also in progress and expected to reach Trump’s desk by year-end.
Embracing Digital Assets
Although many might be hesitant, Jiang noted that Bitcoin is still attracting significant attention from both profit takers and new investors amid an “overwhelming demand” for exchange-traded funds.
Related: Bitcoin in consolidation as treasuries eye altcoins: Novogratz
“This year is pivotal as numerous challenges evolve into advantages for crypto, particularly with equity investors increasingly embracing digital assets,” he indicated.
“We’ve witnessed substantial inflows. In fact, Bitcoin ETF inflows have surpassed those entering the Nasdaq since its launch, which is remarkable.”
Spot Bitcoin ETFs achieved a net inflow of $3.24 billion last week, coming close to their peak week in November 2024.
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