James Wo, founder of crypto investment firm DFG, has rejected predictions of a massive rise in Ether's price. He argues that Bitcoin holds stronger institutional appeal.
Speaking at the Proof of Talk conference in Paris, Wo said he disagrees with Bitmine Immersion Technologies Chairman Tom Lee’s forecast that Ether would reach $250,000. He pointed to Bitcoin’s established consensus among early backers and traditional finance participants. Wo noted that Ether’s value has been diluted as activity and fees move to Layer-2 networks. He added that he does not expect Ether to reach a new all-time high. Wo built DFG from an initial $20 million Bitcoin allocation provided by his mother in 2014 and 2015. The firm now manages more than $1 billion in assets across more than 100 portfolio companies. At the time of the interview, Ether traded near $1,775 while Bitcoin was close to $63,000. Wo forecast that Bitcoin could correct to around $60,000 before reaching a new peak of about $125,000 in 2027 or 2028.
