Maximizing Bitcoin’s Trillion-Dollar Potential: Asymmetric Financial’s DeFi Fund Strategy

Gettyimages 1325823070
Crypto fund Asymmetric Financial is creating its Bitcoin DeFi Venture Fund I to focus on investing in the blockchain’s nascent space with a target raise of $21 million. The fund will be spearheaded by general partner Dan Held, former director of growth at Kraken and long-time Bitcoiner. Many Bitcoin-focused VCs ignore DeFi because it’s speculative, and broader crypto VCs see it as a “dead boomer rock,” he added. Much of this activity has centered on the Ethereum blockchain, but Held believes Bitcoin’s blockchain has tons of future potential as an ecosystem. “It will be a Bitcoin DeFi renaissance.”“Bitcoin is worth more than every other crypto asset combined,” Held added.