According to Franklin Bi, a partner at Pantera Capital, the recent approval of spot Bitcoin ETFs in the US has validated the legitimacy of the crypto industry.
Investment firm Pantera Capital is currently raising a $1.25 billion crypto fund.
Bi said the spot Bitcoin ETF approval is a “significant validation” for the crypto industry.
“It shows people that regulation is continuing to trend in a positive way for digital assets,” Bi said.
According to Bi, this validation has bolstered the conviction of many institutional investors that this is a secular technology trend.
Within the crypto industry, Bi suggested gaming and decentralized finance (DeFi) as offering significant investment opportunities.
He also noted the emergence of real-world asset (RWA) tokenization as a continuation of DeFi, bringing traditional financial assets onto the blockchain.
Bi added that blockchain technology is penetrating various global markets, including financial markets, supply chains and consumer applications.
Bi concluded: “I think it’s a great time to really focus on those aspects of the industry and build for the long term, which is what we’re doing.”
