Pantera Capital wants to enter the DeFi market

by in DeFI News

Pantera Capital

The management of the hedge fund Pantera Capital plans to enter the DeFi decentralized finance market soon. That was stated by Joey Krug, representing the investment division of the fund.

He noted that at present, the lion's share of Pantera Capital's portfolio is concentrated in bitcoin. However, in the short term, the team's strategy will begin to change.

In particular, the fund wants to transfer part of its capital to DeFi tokens. The decentralized finance ecosystem cannot be called a bubble, Krug said. This market has enormous potential, which is proved by the steady growth of its capitalization.

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Note that now the value of tokens exceeds $ 10 billion. According to the DeFiPulse.com service, the most comprehensive ecosystem projects are UniSwap, Maker, and Aave.

Pantera Capital CEO Dan Morehead is also convinced about the DeFi market. He recently predicted that over the next two to three years, we would see a massive entry of investors into this ecosystem.

Although many in the crypto community are skeptical about DeFi-based projects. For example, the head of Messari, Ryan Watkins, believes that the decentralized finance market will suffer the same fate as ICO projects.