Veteran Crypto Investor Reveals Potential “Home Run” Trade for the Next Market Cycle
Arthur Cheong, an experienced crypto investor, believes that one sector has the potential to generate significant gains in the next market cycle – decentralized derivatives trading.
According to Cheong, who leads DeFiance Capital, the decentralized derivatives trading sector is currently the largest in the crypto space and is generating substantial revenue under the radar.
Cheong is bullish on the potential growth of decentralized derivatives trading, even if its volume remains unchanged. He predicts that these platforms could grow five to ten times over the next few years, potentially capturing 20% of the market share.
Earlier this month, Cheong expressed optimism about the Cosmos (ATOM) ecosystem due to his bullish outlook on the decentralized derivatives trading platform dYdX.
Hot Take
Cheong believes that decentralized derivatives trading is poised to be a “home run” investment with significant growth potential over the next few years. As one of his highest conviction investments, he sees this sector as a lucrative opportunity for crypto investors.
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