At a webinar on October 6, Pantera Capital announced that its digital asset fund intends to invest more in DeFi assets than in the rest of the market.
Pantera Chief Investment Officer Joey Krug said that unlike other funds that allocate most of their portfolios to securities stores like Bitcoin (BTC), his company is willing to make a major bet on DeFi:
“So if you look at creating a wallet, we can see that for the market we are taking a different approach with a digital asset fund. A large part of the market is payment and storage of value. Things like bitcoins and bitcoins, etc. <. ..> to “Bigger, We Are More Valuable, Smart Contract Platforms, Decentralized Funding, Open Funding, whatever you want to call it, this is what we think is the right place for the growth the beef market will see.”
The Circle also noted the rapid growth of the DeFi room – in terms of closed value and trading volume on decentralized exchanges. During the webinar, a representative from Pantera Capital also confirmed that, in their opinion, DeFi is the future of the economy, and not just another bubble.
Meanwhile, Pantera CEO Dan Moorehead argued that the influx of cash into the economy has driven cryptocurrency prices higher and that Pantera expects a stronger rally in the near future:
“We think the next two or three years [it will be] a huge march.”