Pantera Capital’s portfolio manager Cosmo Jiang gave an interview to Yahoo Finance from the US media. Evaluating the cryptocurrency markets, Jiang stated that he thinks that a period has entered when altcoins will attract more attention than Bitcoin.

“We have seen over the last few cycles”

Stating that some investors are content with only Bitcoin, but the cryptocurrency world is not just Bitcoin, the manager used the following statements:

It’s important to realize that digital assets are a lot more than just that Bitcoin. There are 400 tokens with more than a $100 million market cap, and as the next cycle gets underway, we believe that and we’ve seen over the last few cycles that the other coins outside of bitcoin really can outperform by many multiples during the different phases of the bull market.” he said.

“They will only ever have a token”

Stating that they see cryptocurrencies as a means of capital formation as Pantera Capital, Jiang said, “We’re very long-term investors. A defining thesis for us really is that tokens are a new form of capital formation. A lot of businesses will never have a New York Stock Exchange-listed equity. They will only ever have a token, and that’s how they align incentives with management teams, employees, token holders like ourselves, as well as– token holders being the equivalent of shareholders– as well as uniquely to digital assets users.”

Jiang also stated that the crypto world and system is a new form of capitalism and that their goal as a company is to buy tokens that are really useful.