Alfred Chuang, CEO of Venture Capital company Race Capital, made important statements about Bitcoin and Solana, which made a name for themselves with their performance in 2021, in a report he made with CNBC recently.
In his interview in the last days of 2021, Alfred Chuang, who said that Bitcoin could exceed $ 100,000 in 2022, repeated his thoughts on BTC, and stated that he expects an increase in Solana besides BTC.
Stating that the increase in institutional adoption for cryptocurrencies, as well as the growth in the crypto market, triggered the rise in Bitcoin and Solana, Race Capital CEO argued that Solana will continue to rise due to the unique technology it contains.
Thinking that investments are flowing into the crypto market due to the developing technology, Chuang said, “We are living the most exciting time in technology I have ever seen,” and said that we are in a bullish period.
“We are optimistic about Bitcoin and other first-tier cryptocurrencies such as Solana.
There is excitement about creating financial products that will be much more democratized in order to reach a much wider audience in the trading of currencies.”
Race Capital CEO announced that the company has invested in several Solana-related projects and the FTX exchange, whose value has increased significantly over the past year.
Chuang also stated that based on the potential of SOL, he believes venture capital firms will increase their support for Blockchain-centric projects.
Alfred Chuang’s thoughts on Solana are similar to those of Sam Bankman Fried, the young CEO of the FTX exchange. Because the CEO of FTX also stated that he used a unique underlying technology that shows that it competes with Ethereum, and stated that he believes the value of SOL will increase.
*Not investment advice.