Dan Moorehead, CEO and founder of the investment company Pantera Capital, is convinced that DeFi will acquire Bitcoin in the next five years.
In a recent interview with Cointelegraph, Moorehead noted that despite the poor performance of alternative currency funds Pantera in 2019, the situation has reversed in recent months due to the explosive growth of decentralized financial protocols and tokens.
At the end of August, Panthera’s digital asset fund grew 123%. “The world has embraced DeFi, and the capital has flooded into space,” he said.
Bitcoin has already established itself as a digital gold and efficient asset, according to the fund manager. Therefore, its bullish potential is considered to be relatively limited.
“Maybe you can reach a million (…), but this is really the opportunity, because you get $ 20 trillion in total money on earth, which is only $ 100 trillion.”
On the one hand, DeFi is still in its infancy and largely underestimated given its ability to disrupt the traditional financial sector – hence its enormous discretion. He said:
“Bitcoin’s entire DeFi space will likely be expanded 100 times over the next five years.”