The Key to Transforming Crypto into a $10 Trillion Industry: Infrastructure
The managing partner of the $1.6 billion investment firm, Tribe Capital, believes that infrastructure is crucial for the growth of the crypto industry. Despite facing challenges such as scandals and hacks, Decentralized Finance (DeFi) projects can recover by developing more infrastructure in open markets outside of the U.S. Boris Revsin expects a wave of DeFi regulation in the U.S. to push projects to operate in countries like Dubai and Singapore. He sees new infrastructure and developers as the keys to turning crypto into a $10 trillion industry.
Breakdown of Key Points:
- Boris Revsin, managing partner of Tribe Capital, predicts a resurgence of DeFi towards the end of this year or early next year.
- DeFi projects may move to more open zones like Dubai and Singapore due to upcoming U.S. regulations.
- Infrastructure projects, including layer 1 and layer 2 blockchains and rollup technology, are crucial for the growth of the crypto industry.
- The current global cryptocurrency market capitalization is around $1.22 trillion.
- Boris Revsin has a background in computer science and has worked with various companies and investment firms in the crypto space before joining Tribe Capital.
Hot Take:
According to Boris Revsin, the crypto industry has the potential to become a $10 trillion industry with the development of infrastructure and the influx of more developers. While DeFi projects may face regulatory challenges in the U.S., they can thrive in more open markets. The growth of the industry relies on the creation of new infrastructure and the expertise of developers.
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