Pantera Capital is famous for its 1,000x return on Bitcoin, but PM Cosmo Jiang says now is the time to look at altcoins.
After a hawkish pivot from the Federal Reserve sparked a tumultuous week in markets, one voice in the crypto VC world is pointing to brighter days ahead.
Cosmo Jiang, portfolio manager at Pantera Capital — which just celebrated an eye-popping 1,000x return on its original Bitcoin fund — joined Coinage to share his insights on where the market stands and why he believes altcoin season is officially underway.
Reflecting on the recent market volatility, Jiang provided a clear perspective on the forces at play. “It became pretty clear that the Fed governors… are a lot more concerned about inflation staying higher for longer,” Jiang explained. But fewer rate cuts in 2025 isn't necessarily a cause for panic — particularly when it comes to the beginning of non-Bitcoin cryptocurrencies playing catchup.
Source - The Street
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