Investment firm Pantera Capital believes that altcoins could outperform Bitcoin (BTC) in the progressing stages of the bull market.
Pantera Capital portfolio manager Cosmo Jiang recently made remarks about altcoins, drawing attention to the fact that, based on past bull cycles, altcoins could show better performance than Bitcoin in the coming days.
He emphasized that the crypto market is not limited to Bitcoin and investors are aware of that. Jiang also pointed out that there are currently only 400 tokens with a market value of more than 100 million dollars, and this number could increase:
The investment universe in crypto is quite broad. While some investors may end their journey with Bitcoin, it is important to realize that there is more to cryptocurrencies. There are 400 tokens with a market value of more than 100 million dollars, and we believe that in the next cycle, other coins besides Bitcoin will perform significantly better in different stages of the bull market. This is what we have seen in the past few cycles.
Cosmo Jiang also stated that as a company, they always invest in tangible altcoin projects, considering factors such as realistic product models, a strong management team, and a reasonable business model.
