DFG CEO James Wo stated that Ethereum's value has been diluted due to activity and fees shifting to Layer-2 networks, making it difficult to reach new all-time highs. He questioned Tom Lee’s prediction that Ethereum could reach $250,000, arguing that Bitcoin has gained institutional consensus and safe-haven status. Wo recalled his $20 million investment in Bitcoin, forecasting a potential pullback to $60,000, followed by a new peak of approximately $125,000 by 2027 or 2028, with performance outpacing major stock markets.
James Wo: Ethereum Struggles to Match Bitcoin's Institutional Consensus
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Summary
Ethereum news highlights James Wo’s view that the network struggles to match Bitcoin’s institutional backing. According to AiCoin, DFG CEO Wo said Ethereum’s value is diluted as fees and activity shift to Layer-2 solutions. He challenged Tom Lee’s $250,000 Ethereum price target and endorsed Bitcoin as the dominant asset. Wo, who invested $20 million in Bitcoin, expects it to retrace to $60,000 before reaching $125,000 by 2027 or 2028.
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