Multicoin Partner: Crypto Market Has Bottomed Out, Bullish on SOL, HYPE, and ZEC

BlockBeats News, July 13th, Multicoin Capital Managing Partner Tushar Jain stated on a podcast that the crypto market has reached the bottom and entered a key inflection point. He believes that the current market sentiment has been fully cleared, recent negative news including significant hack events has not triggered a widespread sell-off. Instead, increasing adoption, a divergence between asset prices and fundamentals, all indicate a market reversal signal, forming a "perfect storm" in the current environment.

Jain remains bullish on Solana (SOL) and Hyperliquid (HYPE) for their long-term potential. He views SOL as ideal infrastructure for spot trading and tokenized securities development, while Hyperliquid leads in on-chain derivatives. Currently, both his personal and institutional funds have a significant allocation to these projects.

Furthermore, he revealed that Multicoin has accumulated a significant portion of Zcash (ZEC) supply and believes the project represents a return to the cypherpunk ideology, with the potential to break into the top five in the crypto market cap. In terms of position management, Jain follows a "three-part" strategy: immediately invest one-third of the funds, dollar-cost average the second part, and reserve the final one-third to address major market pullbacks. During the previous Zcash code vulnerability incident, after the team confirmed it was not exploited by hackers, they further increased their position.