In the ever-evolving world of cryptocurrency, few voices carry as much weight as Jiang Zhuoer, founder of BTC.TOP mining pool. Known for his sharp market insights and bold predictions, Jiang recently shared a comprehensive outlook on the 2021 bull market during a live-streamed interview. From portfolio allocation to the future of mining and the rise of DeFi, his views offer valuable guidance for both seasoned investors and crypto newcomers.
This article distills Jiang’s key takeaways, optimizes structure for clarity and SEO, and integrates core keywords such as Ethereum, Bitcoin, DeFi, mining, bull market, BCH, asset allocation, and cryptocurrency investment—all while maintaining a natural, engaging flow.
The Rise of Bitcoin: From Pariah to Mainstream Asset
2020 was a landmark year for Bitcoin. After years of being dismissed as a scam or speculative bubble, BTC finally broke into the mainstream financial arena. Major institutions, hedge funds, and public companies began adding Bitcoin to their balance sheets, signaling a fundamental shift in perception.
"Now, no serious editor would dare call Bitcoin a 'bubble' in a news report. To do so makes you look foolish."
Jiang emphasizes that this institutional adoption is not just symbolic—it’s transformative. Bitcoin surpassing $20,000 wasn’t just a price milestone; it marked the moment crypto entered the realm of legitimate asset classes.
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Mining Industry: Scaling New Heights
The mining landscape has undergone a revolution. What was once a niche hobby run from garages has evolved into industrial-scale operations. Today’s major mining farms house over 100,000 machines and consume power equivalent to medium-sized cities.
Jiang points out that modern mining is now compliant, professional, and highly organized. Miners pay regulated electricity bills and receive official invoices—proof that the sector has matured.
"Mining isn’t underground anymore. It’s part of the mainstream economy."
This institutionalization has increased trust and stability, making mining a more attractive long-term play than many realize.
Bull Market Phases: Understanding Pre-Bull vs. Post-Bull
Jiang breaks down bull markets into two distinct phases:
- Pre-bull phase: Dominated by Bitcoin, as existing crypto holders rotate into the safest bet.
- Post-bull phase: New capital floods in. These investors avoid expensive BTC and chase undervalued assets—especially top-tier altcoins.
Historically, this pattern repeats. For example, Litecoin (LTC) once surged 8x against BTC within weeks after Bitcoin broke its previous all-time high.
This dynamic suggests that while Bitcoin leads the charge, the real explosive gains often come later—from Ethereum, BCH, and other major players.
Why Ethereum? The Case for Contract Freedom
When asked about his asset allocation, Jiang revealed a surprising tilt: 40% in Ethereum.
Why? Because Ethereum offers something beyond monetary value—it enables contract freedom.
"Bitcoin gives us monetary freedom. Ethereum gives us contract freedom."
While Bitcoin decentralizes money, Ethereum decentralizes agreements. Smart contracts on Ethereum allow trustless execution of financial instruments, token sales (ICOs), and decentralized applications (dApps). This foundational innovation paved the way for DeFi, NFTs, and Web3.
Even with early ICOs rife with scams, the underlying technology survived and evolved. Today, DeFi protocols lock up billions in value—much of it in ETH used as collateral.
Jiang believes ETH’s utility-driven demand will propel it past Bitcoin in market cap if BTC reaches $100,000—potentially to **$20,000 or higher**.
👉 See how Ethereum’s ecosystem is reshaping finance—without intermediaries.
BCH: The Underrated Contender
Despite being overshadowed by BTC and ETH, Jiang sees strong potential in Bitcoin Cash (BCH)—holding around 30% of his portfolio in it.
He highlights the “story” behind BCH: its origin in the 2017 block size debate gives it narrative power. Dubbed “the prince” or “太子,” BCH carries symbolic weight as a challenger to Bitcoin’s dominance.
In past bull runs, nearly every surviving major coin surpassed its previous highs—often by multiples. With BTC likely to face network congestion in the post-bull phase, BCH could benefit from users seeking faster, cheaper transactions.
"The biggest story in crypto is the scaling debate—and BCH is central to that."
Will POW Coins Disappear? The Enduring Value of Mining
Some speculate that Proof-of-Stake (PoS) will make mining obsolete. Jiang firmly disagrees.
Proof-of-Work (PoW) provides intrinsic stability:
- High transaction fees during bubbles naturally drain excess speculation.
- Mining creates tangible value—like gold extraction—giving coins perceived legitimacy.
Moreover, seeing massive mining farms impresses skeptics. There’s psychological power in knowing thousands of machines secure the network.
"People trust what they can see. Mining makes crypto real."
Thus, Jiang argues, PoW-based coins like BTC and BCH won’t fade—they’re foundational.
DeFi vs. Mining Coins: A False Dichotomy?
While DeFi projects have seen explosive growth, often outpacing older mining-based coins in market cap, Jiang sees coexistence—not replacement.
DeFi runs largely on Ethereum, which itself may transition to PoS. But that doesn’t diminish the role of PoW networks in securing value and providing decentralized money.
Instead of competition, think ecosystem synergy: DeFi innovates at the application layer; mining secures the base layer.
How Long Will This Bull Run Last?
Jiang believes we're already in one of the most aggressive bull markets ever—with stable, non-stop upward momentum due to institutional inflows acting as a "ballast."
He predicts:
- BTC could peak at $100,000
- The top may come in early 2022
- A sharp correction (50–60%) could occur before a final surge
But beware: when retail FOMO hits, leverage skyrockets, and prices spike exponentially—that’s often the warning sign of an impending crash.
"If everyone's rushing in at once, especially with borrowed money, the fall will be brutal."
Advice for Ordinary Investors
Jiang’s top tips:
- Avoid futures and leverage—even in bull markets.
- Don’t try to time the market—k-lines don’t predict black swan events.
- Consider mining—it aligns with human psychology. You’re more likely to hold when you're earning daily rewards.
Mining turns investment into an active business—making it easier to ride out volatility.
FAQ: Quick Answers to Key Questions
Q: What is Jiang Zhuoer’s current portfolio breakdown?
A: 40% ETH, 30% BCH, 15% BTC (for operational reserves), and 15% in innovative altcoins.
Q: Why does he favor Ethereum so heavily?
A: Because ETH enables "contract freedom" through smart contracts—powering DeFi, ICOs, and future decentralized systems.
Q: Does he think Bitcoin Cash can surpass its previous all-time high?
A: Yes—he believes all surviving major coins will exceed prior highs by at least 2x in this cycle.
Q: Is mining still profitable for average people?
A: Yes, especially during bull markets when both coin value and mining rewards increase.
Q: Can DeFi replace traditional mining-based cryptocurrencies?
A: No—DeFi and PoW serve different roles. One builds applications; the other secures foundational layers.
Q: What signals the end of a bull market?
A: Extreme retail frenzy, rampant leverage use, and exponential price spikes followed by a sharp drop—often triggered by margin liquidations.
Final Thoughts: Think Long-Term, Act Wisely
Jiang Zhuoer’s insights reveal a nuanced view of the crypto market—not just as a playground for speculation, but as an evolving financial ecosystem where technology, psychology, and macro trends intersect.
Whether you're investing in Ethereum, holding Bitcoin, exploring BCH, or getting into mining, understanding market phases and intrinsic value drivers is key.
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