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DeFi Sector Presents Major Opportunity for Long-Term Investors

Cryptodnes2024/07/29 15:25
By:Cryptodnes

Arthur Cheong, founder of DeFiance Capital, believes there’s a significant opportunity for long-term holders in the DeFi sector.

Cheong highlighted that DeFi is currently undervalued and is innovating rapidly, outpacing traditional finance.

Cheong expressed his excitement about the risk-reward potential in DeFi, noting this is the most promising period since the pre-DeFi boom of 2020. He emphasized opportunities in both established and emerging DeFi projects, which are growing faster than many fintech startups.

He also noted the significance of the recent launch of Ethereum (ETH) spot market ETFs, stating that this development signifies a permanent shift in the financial landscape.

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Cheong expects traditional financial managers to continue introducing new crypto products to meet growing demand, predicting the launch of actively managed crypto ETFs in the near future.

Earlier, Cheong suggested that the focus of crypto should not be on mass adoption but on disrupting specific financial sectors.

He believes that digital assets are best suited for high-impact uses such as global state-free money, cross-border payments, and decentralized finance, rather than trying to achieve broad mainstream adoption.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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