Venture Capital (VC) firm Pantera’s 2023 predictions drew attention to the emphasis on DeFi.
The firm stated that it focuses on transaction fees, liquidity and availability for 2023 in cryptocurrencies.
Pantera’s Focus in 2023 is DeFi
Pantera Capital, a crypto-focused venture capital firm with nearly $3.8 billion in assets under its management, has outlined its 2023 forecast, and the future is in decentralized finance, according to the company.
The bear market that emerged early last year was exacerbated by a wave of payouts and bankruptcies that made the headlines, including the collapse of multi-billion-dollar centralized exchange FTX and the filing of crypto lender Genesis last week.
Pantera CEO and co-CIO Dan Morehead said at the beginning of his investor letter titled Year Next, that Pantera has managed blockchain funds over the previous three crypto winters.
Pantera CEO Dan Morehead also referred to the following in his investor letter:
“Each of them had so-called catastrophic events. For example, Mt. Gox represented an 85 percent market share when it went down, which is much larger than today’s FTX. Blockchain will change the world. It will definitely get rid of these problems.”
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