Despite the recent slump, Pantera believes the DeFi space will grow the most in the next bull cycle.
In a webinar on October 6th, Pantera Capital announced that its digital asset fund is looking to invest more in DeFi assets than the rest of the market
Pantera Investment Manager Joey Krug said his company was ready to put even more emphasis on DeFi, unlike other funds that allocate most of their portfolios to stores of value like Bitcoin ( BTC ):
„So if you look at portfolio construction, we see that we have a different focus with the Digital Asset Fund compared to the market. Most of the market is essentially focused on payments and store of value . <…> For the most part, we differ from these with smart contract platforms, decentralized finance, open finance, whatever you want to call it, we think this is where we will see the most growth in this bull market . “
Krug also mentioned the rapid pace of growth in the DeFi space. Both in terms of the sums locked up and the volume of trading on decentralized exchange
At the webinar, a representative from Pantera Capital also confirmed that the company believes DeFi is the future of finance, not just another bubble.
Pantera CEO Dan Morehead also said that the fiat influx into the economy has driven crypto prices higher and that Pantera expects an even stronger rally in the near future:
„We believe there will be a massive rally in the next two or three years.“