TechFlow news, according to Pantera Capital, Bitcoin is poised to unlock a $500 billion decentralized financing opportunity.
"Technological unlocks and macro trends are converging toward a breakthrough moment for Bitcoin DeFi—it's time to seize this opportunity," said Franklin Bi, partner at Pantera Capital, in a report this week.
Bi added that DeFi applications built on Bitcoin represent an "untapped $5 trillion opportunity." Bi derived this figure by extrapolating from Ethereum, where DeFi applications (such as Uniswap) account for 8% to 50% of Ethereum’s total value.
This implies the ultimate value of Bitcoin DeFi applications could range between $72 billion and $450 billion. His calculation may be based on Bitcoin’s total market value prior to its climb above the $1 trillion mark on February 14.
