What happened: Jiang Zhuoer, a prominent pioneer in the Chinese crypto space and founder of the mining pool BTC.top, has officially flipped bullish. He is now 90% confident that the crypto bear market is behind us. Even more surprising is his bet on Ethereum (ETH): Jiang believes ETH’s strong developer activity and upcoming upgrades will allow it to outpace Bitcoin (BTC) in the next major market rally. His personal game plan is to buy in if BTC dips below $72,000, or simply jump in at current prices by the end of October.
Why it matters: When a major industry pioneer reverses a long-standing bearish stance, the market takes notice. Jiang’s shift highlights growing confidence among heavyweight players. His preference for Ethereum over Bitcoin also reinforces a popular narrative: while Bitcoin is often seen as a safe haven, utility-driven altcoins like ETH could deliver much higher returns once the bull run fully ignites.
