Bitcoin

The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/dan-tapiero-predicts-boom-for-us-based-defi-sector/" rel="noopener noreferrer nofollow">Dan Tapiero Predicts Boom for US-Based DeFi Sector</a><a href="https://cryptosnewss.com/david-sacks-named-white-house-ai-and-crypto-czar/" rel="noopener noreferrer nofollow"> </a>appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.Crypto investor Dan Tapiero says that he sees massive incoming growth for one specific sector of the digital assets space.In a new interview with Real Vision’s Raoul Pal, Tapiero says that he thinks US-based decentralized finance (DeFi) could explode in size after previously being pushed outside the country due to hostile regulators.Tapiero, the founder of multiple venture capital firms in the space, says that institutions are on the edge of discovering just how small the DeFi world is compared to the rest of the financial markets.“So if I’m looking out over the next two years, the thing that I think could really take off is US-based DeFi.So DeFi two years ago basically got pushed outside of the US. And so, the first step for everybody is through a centralized exchange, they come on their Kraken, or Gemini, Coinbase, and they buy their Bitcoin.But now, especially Coinbase, Kraken too, they’ve made it easy to port over into DeFi, not everyone is going to buy a Ledger and go through Ledger Live or MetaMask.But I do think that once these institutional guys, they’re going to own their <a href="https://cryptosnewss.com/pizza-ninjas-nft-collection-honors-bitcoins-first-real-world-purchase/" rel="noopener noreferrer nofollow">Bitcoin</a> through the ETF, they’re going to own their Ethereum. They’re then going to start to understand as they focus on it that it’s really the decentralized financial world that has the ability to grow.I mean TVL (total value locked) in DeFi is I think $100 billion, which is very small. The total value in the space today if I add up all the cryptocurrency and all the equities is around $4 trillion. So of that $4 trillion sitting there, only really 2% of it is actually active in DeFi. And I think that’s going to change.”TVL is a metric representing the amount of assets staked or locked in a platform. At time of writing, DeFi TVL stands at $136.232 billion.The post <a href="https://cryptosnewss.com/dan-tapiero-predicts-boom-for-us-based-defi-sector/" rel="noopener noreferrer nofollow">Dan Tapiero Predicts Boom for US-Based DeFi Sector</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Dan Tapiero Predicts Boom for US-Based DeFi Sector

Cryptos Newss

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