Crypto hedge fund giant Pantera Capital says that one sector of the digital asset space will be the life force of the next bull market cycle.
In Pantera’s latest newsletter, chief investment officer (CIO) Joey Krug says that decentralized finance (DeFi) will act as the foundation for the next bull market.
Krug says that 2022, with its many different crypto blow-ups and collapses, was probably the biggest year of upheaval in crypto history.
However, the CIO, who helps manage the $6.9 billion fund, says that DeFi managed to stay completely intact during 2022, even if the top protocols saw lower prices.
“What’s interesting to note here, on the other hand, is that decentralized finance protocols, which lent to largely unknown counterparties, didn’t blow up. The