Jiang Zhuoer plans to allocate remaining reserves to ETH, citing confidence in a bull cycle and ETH’s potential outperformance over BTC.
Chinese crypto miner Jiang Zhuoer announced plans to deploy all remaining reserve funds into ETH after reversing his bearish market outlook. He stated his previous predictions were incorrect and now expects ETH to outperform BTC in the current cycle.
Jiang repurchased ETH sold earlier at $1,738–$1,931, later selling 50% of his holdings at $2,525 with a stop-loss at $2,550. He intends to buy ETH if BTC drops to $67,000–$72,000 or at prevailing prices by October’s end.
He noted the market remains in a strong uptrend, reducing the likelihood of accurately timing a top.