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What This Digital Asset Investment Firm Missed and Capitalized On in 2020

Jeff Dorman
·1 min read

Related: Where Peer-to-Peer Finance Grabbed Hold This Year

Decentralized Finance is still tiny, but it is growing quickly and will likely be a major growth engine in 2020. Conversely, a ton of value has already accrued to centralized finance (CeFi) companies – Coinbase, Binance, Celsius, Deribit and BitMEX – and this market is getting very saturated. We believe DeFi will be the “growth sector” of 2020, while CeFi will be a “value sector.” As such, a blind basket of DeFi tokens will likely do very well regardless of which tokens you own, whereas in CeFi only one or two companies will win out and grow at the expense of others.

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