Golden Finance reported that Cosmo Jiang, general partner and portfolio manager of Pantera Capital, a crypto hedge fund and venture capital company, said that as the industry matures, crypto investments will pay more attention to fundamentals. He commented: “If fundamental investments do not enter this industry, that means we fail, and ultimately all assets obey the law of gravity, and at the end of the day the only thing that matters to investors - and that's been the case for thousands of years - is cash flow." He also said: "Cryptocurrency has grown from scratch, driven by retail investors, to a market capitalization of $3.4 trillion today, but the only way this asset class can keep growing is to attract institutional capital. And institutional capital only cares. Fundamentals. Logically, this will be the only way to make money sustainably in the future.”