Key facts
- DFG CEO James Wo is increasing his Bitcoin investments.
- Wo built his crypto fund from an initial $20 million family stake to a $1 billion valuation.
- Wo disputes Tom Lee's prediction of Ether reaching $250,000.
- Wo cites market metrics as the basis for his skepticism regarding Ether's price potential.
James Wo, the founder and CEO of DFG, has reportedly increased his investments in Bitcoin. Wo, who started his crypto fund with an initial $20 million from his mother, has grown the fund to a valuation of $1 billion. Despite the growth in the cryptocurrency market, Wo expressed skepticism about analyst Tom Lee's forecast that Ether could reach $250,000. Wo stated that current market metrics do not support such a bullish prediction for Ether.