BTC.TOP Founder Jiang Zhuoer Shifts Remaining Capital to Ethereum
Chinese mining pool founder reverses bearish stance, puts remaining funds into ETH.
Jiang Zhuoer, founder of the Chinese mining pool BTC.TOP, has reversed his previously bearish market stance and now plans to move his remaining capital into Ethereum, according to a report by BeInCrypto.
Jiang, one of China's most recognized crypto figures, now expects Ethereum to outperform Bitcoin during the current market cycle. The shift marks a notable change from his earlier position, when he sold his ETH holdings.
Previous Bearish Bet Backfired
The report notes that Jiang's earlier bearish wager on Ethereum did not play out as expected. His decision to sell ETH came before the asset's subsequent rally, prompting him to reassess his outlook.
Details of the exact amounts involved or the timing of his planned purchases were not disclosed. His comments reflect a personal investment strategy rather than a forecast for the broader market.