Manager to Establish $ 1.25 Billion Crypto Investment Fund Highlights Growth Potential of Crypto Sector: “These Two Areas Have a Promising Future”
According to Franklin Bi, a general partner at Pantera Capital, the recent approval of spot Bitcoin ETFs in the US has provided significant validation for the cryptocurrency industry. As Pantera Capital works on raising a new mega fund worth $1.25 billion, Bi emphasized that the current market conditions are favorable for venture firms to secure new capital and position themselves to support promising ventures.
While Bi refrained from revealing specific details about Pantera’s new fund, he expressed in an interview that the approval of spot Bitcoin ETFs represents a significant endorsement for the crypto industry. “This approval demonstrated that regulations are progressing favorably for digital assets,” Bi stated. He further explained that this validation reinforced the belief of many institutional investors in the long-term potential of this technology trend and the need to gain exposure.
Bi also discussed the investment opportunities within the crypto industry, pointing out the gaming and decentralized finance (DeFi) sectors as particularly attractive. He also acknowledged the emergence of real-world asset tokenization as an extension of DeFi, which brings traditional financial assets into the realm of cryptocurrencies.
Moreover, Bi highlighted the expanding use of blockchain technology in various global markets, including financial markets, supply chains, and consumer applications. “I believe it is an excellent time to concentrate on these aspects of the industry and progress in the long run, and that’s precisely what we are undertaking,” Bi concluded.
*Please note that this content does not constitute investment advice.