A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin

Sourcing initial capital from his mother to build a $1 billion crypto empire, DFG CEO James Wo says market metrics do not support Tom Lee’s $250,000 ether prediction.\nWhat to know : James Wo, founder of crypto investment firm DFG, argues that bitcoin has achieved a level of institutional consensus and safe-haven status that ether is unlikely to match in the near term. Wo claims that Ethereum’s value is diluted by activity and fees shifting to Layer-2 networks, and he doubts ether will reach a new all-time high even as some in the community, including Vitalik Buterin, debate upgrades that could change the network's economics. Drawing on a decade of investing that began with a $20 million bitcoin allocation, Wo forecasts that bitcoin will outperform major stock markets, could correct to about $60,000, and may reach around $125,000 in a new peak he expects in 2027 or 2028.