Pantera Capital’s general partner Cosmo Jiang said that since most people don’t own it, investors who missed the wave of cryptocurrency still have the opportunity to enter.
Bitcoin (BTC) recently surpassed $126,000 for the first time, making it the best new hit of all time, but Jiang said on Monday’s episode of CNBC’s Fast Money that most investors are on fences that are still not exposed to digital assets.
“A survey from Bank of America a few weeks ago showed that over 60% of investors still own 0% exposure to digital assets,” he said.
“That’s so many, and the idea that digital assets are too late in the game is not true if most people don’t own it.”
There is still plenty of room for growth in crypto ownership
The National Cryptocurrency Association’s 2025 Cryptocurrency Report, released in May, found that only one in five American adults, only 21% own at least some form of cryptocurrency.
According to a September report by Apex Protocol, the United Arab Emirates leads the country in crypto adoption, but holds only 25.3% of the population.
Tom Bruni, market head at StockTwits, told the Cointelegraph in September that rising prices for Bitcoin could scare investors who think they’re already missing out on the boat.
Bitcoin is currently considered legal. It’s time for Altcoins to shine
In addition to the market still having a big runway for growth, Jiang said that from Pantera’s perspective, it has been all about “legalizing Bitcoin” in recent years, and now it’s time for altcoins to get into the spotlight for people to “get it.”
“The next step. And what really makes Congress’ laws possible is that the rest of the digital assets really have their place: Ethereum, Solana.
“These are now large, fast-growing, high-tech platforms, and we believe Solana is at a pace that could become the next generation of megacap technology companies.”
US President Donald Trump signed the law on the act of genius in July. However, they are waiting for the final regulations to be implemented. The Clarity Act, a law for the US crypto market structure, is still in work, leaning towards hitting Trump’s desk by the end of the year.
Digital assets are still accepted
People may still be waiting for a bystander, but Jiang said Bitcoin is still seeing a solid flow from profiteering students to new buyers amid the “overwhelming demand” of funds trading on the exchange.
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“This year, we’re talking about so many headwinds that will be a crypto-tailored tailwind, especially with the idea of equity investors accepting digital assets at scale,” he said.
“We’ve seen flows really start to pour in. From an ETF perspective, ETF inflows have exceeded the amount that comes to Nasdaq since launch, due to inflows into Bitcoin ETFs.
The Spot Bitcoin ETF recorded a net inflow of $3.24 billion last week, roughly coinciding with the November 2024 recording week.
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