James Wo, the CEO of crypto investment firm DFG, has transformed an initial $20 million family investment into a billion-dollar fund, focusing on Bitcoin's potential. Speaking at the Proof of Talk conference in Paris, Wo rejected Tom Lee's prediction of Ethereum reaching $250,000, arguing that Bitcoin has achieved a level of institutional consensus and safe-haven status that Ethereum lacks. He believes Ethereum's value is diluted by the movement of transactional activity to Layer-2 networks, making it unlikely to hit new all-time highs. Wo forecasts Bitcoin could correct to around $60,000 before reaching a peak of approximately $125,000 by 2027 or 2028. He emphasizes Bitcoin's superior liquidity compared to traditional assets and predicts it will outperform both the Chinese and U.S. stock markets. Wo's investment journey began in 2014, and he has since diversified DFG's portfolio into various digital assets, including early investments in Solana and Circle's USDC stablecoin, positioning DFG as a significant player in the crypto venture capital space.