One Angel Investor believes that the Defi space is becoming extremely popular in the Silicon Valley today as the decentralized finance space saw some extreme growth this year according to the $15 billion worth of capital that is locked in this space’s contracts are we will be reading more in today’s crypto news.
Furthermore, the tokens that pertain to the Defi space have seen extremely strong performances over the past year. The early venture investors in the decentralized API protocol like The Graph, are now increased by 100 times while other tokens like YFI, AAve, and many more surged thousands of percent in the previous year. On a fundamental level, the DeFi industry saw some stellar technological improvements with the talent flooding up space at a rapid clip. The trend has caught the attention of some prominent fund managers and investors inside the outside of the crypto space.
Back in the day, you could show up in SF, make a few good decisions and end up rich and successful in 5-10 years.
Now what do you do?
— Nivi (@nivi) December 10, 2020
Over the past week, one Twitter user asked his followers to describe the best way to become successful in the current macroclimate. He referenced how times changed from before where you could “show up in San Francisco make a few good decisions and end up rich and successful in 5-10 years.” Naval Ravikant, a prominent angel investor of the Silicon Valley believes that the defi space is one of the best frontiers to be in right now and to become successful in the years ahead:
“Same as you always did – move to the frontier. The frontier is the place where the risk takers have arrived, but the masses and the bureaucrats have not. Today, that’s probably DeFi.”
This is not the first time that Ravikant who was following and promoting BTC for a few years now talked about DeFi. A few months ago, he said that he thinks the innovations that are showing up in the space are Better than Wall Street:
“They’re building a decentralized Wall Street, they call it DeFi, D-E-F-I, for decentralized finance. But I actually think it’s more like DEFY as, just defy the government, DEFY. And so I think, we’re seeing a whole new casino that’s better than Wall Street.”
He was not the only investor that focused on decentralized finance. A16z’s crypto fund is also focused on decentralized finance which is similar to the principles that underline the internet. There were also a lot of traditional funds of high net worth individuals that are aiming to allocate capital to space as Defi begins to become even more popular.
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