Early Bitcoin investor and co-founder of the Ethereum blockchain-based computing platform, Anthony Di Iorio, is eyeing two Chinese blockchain and cryptocurrency firms in his search for the next big thing in the industry. The 43-year-old Canadian billionaire made his fortune through his early stage crypto investments. He remains bullish on digital currencies even after the latest drop in valuation.

Di Iorio spoke about the two Chinese projects under his scanner with Bloomberg. During the interview, he revealed:

“The biggest stake for me is in Qtum and VeChain right now, the two Chinese projects. There’s much more opportunity in newer ones if you can identify them.”

Both the projects have successfully grabbed headlines because of their offerings. VeChain (VEN) currently enjoys a market capitalization of $1.7 billion and is the 17th largest crypto in the world. The blockchain platform is used for supply chain management as well as financial services, two of the most prominent use-cases of blockchain.

Qtum, on the other hand, has a total market capitalization of $900 million and is the 21st largest crypto in the world. The decentralized, open-source platform uses smart contracts and a value transfer protocol.

Qtum founder Patrick Dai is set to bring more attention to the project. He said that the company slowed down its marketing effort owing to regulatory risks in China. It has focused exclusively on development in 2018 but intends to reinitiate their marketing strategies to push for massive adoption of the currency.

China has some of the most valuable cryptocurrency projects that show promise to investors. Apart from VeChain and Qtum, it is home to Tron, the ninth largest cryptocurrency in the world with an over $2.8 billion market cap.

Tron, which is run on the Ethereum blockchain, will soon leave the ledger and launch its own network. The entertainment-based platform’s founder Justin Sun is looking for new partners in the project and maintains close ties with Jack Ma, who is the Alibaba headman.

NEO, another crypto project, is China’s version of Ethereum that runs a dApp platform using smart contracts. It enjoys a market cap of $2.2 billion and is the 12th largest cryptocurrency in the world. It also has a sister currency called GAS, which brings a unique concept of dual-currency blockchains. GAS is transferred to users who hold NEO coins, and its current market cap is over $117 million.

Even after the markets fall, Di Iorio is convinced that Bitcoin has a bright future. He was an early investor in the crypto as well as Ethereum.

Di Iorio said:

“In general, it’s got amazing features, and it’s got the ability to, because it’s scarce, be a great utility. [Bitcoin is] going to consistently do what it has been doing over the last year as more people start to use it. I think it’ll go up.”

Billionaire Anthony Di Iorio Now Looking for Chinese Blockchain Startups was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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