Multicoin Capital Partner: The encryption market has reached its bottom and is at a turning point
On 13 July, Tushar Jain, a managing partner of Multicoin Capital, stated in a podcast, “Wen Shift Harpers”, that the encryption market had reached its bottom and entered a turning point. The current state of market sentiment and the fact that news such as the recent major hacking has not triggered large-scale sales, coupled with continued increases in adoption rates and a disconnect between prices and fundamentals, are all turning signs. It's a perfect storm. Tushar Jain maintains a long-term view of Solana as the right structure for spot transactions and tokenized securities. At the same time, Hyperliquid is at the forefront of derivatives, and there is now a large silo on both. In the case of ZEC, it indicated that Multicoin had accumulated a significant proportion of its supply and considered it to represent a return to industry “code punk” values and was expected to enter the top five market values. In silo management, he used the “triple” method: buy a third immediately, invest a second third, and retain the last third as a mobile fund to cope with the crash. In the Zcash code breach, team observations confirmed that no hackers had used it, but instead had been substantially stoked。
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