From ICO Boom to DeFi Era: Why Wang Feng Sees BTC as the Ultimate Profit Harbor

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Looking back at crypto market cycles, Blueport Interactive founder Wang Feng draws an intriguing parallel: during the 2017 ICO explosion and 2020 DeFi wave, ETH surged first—but ultimately funds retreated to BTC to lock in gains. According to BlockBeats, Wang Feng believes this historical pattern is repeating itself in the current market.

Currently, ETH is outperforming BTC in the short term, primarily due to shifts in market narratives that create windows of opportunity. However, the duration of this window remains unclear, leaving many investors scrambling to rebalance their portfolios before the tide turns.

The deeper insight lies in understanding the structural relationship between the two assets. Wang Feng argues that ETH and BTC are not competitors but symbiotic. Both tap into the same macro liquidity pools, benefit from regulatory developments, and follow similar market capitalization curves. Rather than a substitute, ETH functions as a β amplifier—a leveraged play on Bitcoin’s core value proposition.

When markets mature and profit-taking begins, capital systematically flows back to BTC, the market’s anchor. While ETH serves as the engine for outsized returns, BTC provides the stability institutions and large funds ultimately seek. This dynamic has held through multiple cycles and likely will persist.

For traders navigating this environment, the lesson is clear: monitor narrative momentum but remember that Bitcoin remains the final destination.

BTC-1,59%
ETH-1,13%
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