Multicoin Capital partner: the crypto market has hit bottom and is at a turning point

Golden Finance reported that on July 13, Multicoin Capital managing partner Tushar Jain said on the podcast "When Shift Happens" that the crypto market has bottomed out and is entering a turning point. Currently, market sentiment has truly reached a bottom; recent major hacking incidents and other news have not triggered large-scale selling. At the same time, application adoption continues to rise, and price has started to decouple from fundamentals—these are all signs of a reversal. He believes this is a “perfect storm”.

Tushar Jain maintains a long-term bullish outlook on Solana, saying SOL is the right architecture for spot trading and tokenized securities. He also looks favorably on Hyperliquid’s leading position in the derivatives space, and currently has sizable positions in both.

For ZEC, he said Multicoin has accumulated a substantial portion of the available supply and believes it represents a return to the industry’s “cypherpunk” values, with potential to enter the top five by market cap. In terms of position management, he uses a “three-part” approach: buy one-third immediately, DCA the second one-third, and keep the final one-third as flexible capital to respond to a major drop. During the Zcash code vulnerability incident, after the team’s observations and verification confirmed that no hacker had exploited it, they instead significantly increased their position.