James Wo, CEO of crypto investment firm DFG, has reiterated his confidence in Bitcoin as the leading institutional asset in the crypto space, dismissing predictions of Ethereum reaching similar status. Speaking at the Proof of Talk conference in Paris, Wo countered Bitmine Immersion Technologies Chairman Tom Lee's forecast of Ethereum hitting $250,000, citing Bitcoin's strong consensus and institutional recognition. Wo emphasized that Ethereum's value remains tied to its application layer, with Layer-2 networks diverting transactional volume. Wo's investment journey began with a $20 million family stake, which he used to capitalize on Bitcoin's market lows in 2014 and 2015. This initial investment has grown into a billion-dollar fund, with DFG now managing over 100 portfolio entities. Despite his skepticism about Ethereum, Wo remains optimistic about Bitcoin's future, predicting it will outperform traditional markets and reach new all-time highs by 2027 or 2028, potentially hitting $125,000.