VC Firm Pantera’s 2023 Cryptocurrency Forecast Says The Future Is DeFi

Krug sees the “end state” of cryptocurrencies as a world where “the average person will have apps on their phone that will give them access to DeFi, where they will be able to engage in financial transactions without banks/brokers, with lower fees, global liquidity and 24/7 markets /7.” However, Krug wrote that reaching this end state requires solving a number of current problems that fall into two categories: increasing liquidity in DeFi and making DeFi easier to use, especially for those new to cryptocurrencies.