According to TechFlow, Pantera Capital said that Bitcoin is expected to release $500 billion in decentralized financing opportunities.
“Technology unlocking and macro trends are converging toward a breakout moment for Bitcoin DeFi, and now is the time to seize this opportunity,” Pantera Capital partner Franklin Bi said in a report this week.
Bi added that DeFi applications built on Bitcoin represent a “half trillion dollar untapped opportunity.” He extrapolated that figure from Ethereum, where DeFi applications like Uniswap account for between 8% and 50% of Ethereum’s total value.
This means that Bitcoin DeFi applications could ultimately be worth between $72 billion and $450 billion. His calculations are likely based on Bitcoin’s total value before it climbed above the $1 trillion mark on February 14.
