Pantera Capital CEO Dan Morehad said: “Over the next five years, DeFi will have a 100-fold chance of growth compared to bitcoin.
Dan Morehead, CEO and founder at investment firm Pantera Capital, believes in the future DeFi will outperform bitcoin.
In a recent interview, Chief Executive Officer Pantera Capital said, “Pantera's altcoin funds in 2019 are relatively inefficient but the situation has changed thanks to the explosion of decentralized finance (DeFi). . ".
Specifically, as recorded at the end of August, Pantera Capital's altcoin fund was up 123% year-on-year.
"Thanks to DeFi in the crypto market, altcoin funds are also attracting more cash flows," he said.
According to the fund manager, bitcoin has become digital gold and an efficient store of wealth, but he believes its bullish potential is relatively limited.
"Bitcoin can go up to millions of dollars ... but that reality is just a belief"
He personally thinks that bitcoin has a long history (more than 10 years) and it is reaching its final stage of development. In terms of technology, bitcoin has outdone altcoins, at some point it will have to make room for more premium, more convenient, and more capable things.
On the other hand, DeFi is still in its infancy, most of the current DeFi projects are only at the first stage of development, so DeFi's long-term potential in the future is huge because there are still many things. exploit.
However, he also warned investors that while the wave of decentralized finance is accelerating, many projects have been considered to be listed on major exchanges, but that doesn't mean the project. Anyway is safe, certainly some projects will come up with only one task to make money from investors.
"Therefore, investors need to be alert when choosing investment projects, do not let the numbers fool them," he said.