A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin Sourcing initial capital from his mother to build a $1 billion crypto empire, DFG CEO James Wo says market metrics do not support Tom Lee’s $250,000 ether prediction. By Olivier Acuna | Edited by Aoyon Ashraf Jun 6, 2026, 3:00 p.m. 3 min read Make preferred on James Wo, CEO and founder of DFG, the man who built a $1 billion empire with mom s $20 million.. (Olivier Acuna/CoinDesk) What to know : James Wo, founder of crypto investment firm DFG, argues that bitcoin has achieved a level of institutional consensus and safe-haven status that ether is unlikely to match in the near term. Wo claims that Ethereum’s value is diluted by activity and fees shifting to Layer-2 networks, and he doubts ether will reach a new all-time high even as some in the community, including Vitalik Buterin, debate upgrades that could change the network s economics. Drawing on a decade of investing that began with a $20 million bitcoin allocation, Wo forecasts that bitcoin will outperform major stock markets, could correct to about $60,000, and may reach around $125,000 in a new peak he expects in 2027 or 2028. James Wo, the founder and chief executive of crypto investment firm DFG, says bitcoin remains the dominant institutional asset in crypto — and ether is unlikely to reach the same status anytime soon.