A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin
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- James Wo built DFG into a $1 billion crypto fund after starting with a $20 million family stake.
- James Wo said Bitcoin has institutional consensus and safe‑haven status that Ethereum lacks, rejecting Tom Lee’s $250,000 Ether forecast.
- Ethereum (Ether) was trading around $1,775 while Bitcoin was near $63,000 at the time of the interview.
- James Wo argued that Layer‑2 networks divert transaction volume and fees from Ethereum’s base layer, diluting Ether’s value accrual.
- James Wo projected Bitcoin could correct to about $60,000 and later peak around $125,000 in 2027‑2028, outperforming major stock markets.
Why it matters: Institutional investors stand to gain as Wo projects Bitcoin climbing to $125,000, shifting capital away from Ether, which he says will stay near $1,800 and miss a new all‑time high.
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