I'm joining Asymmetric to invest in Bitcoin DeFi

Readers,

I’m excited to announce that I'm joining Asymmetric as a GP to invest with Joe McCann into Bitcoin DeFi.

We will be investing in Bitcoin L2s, Dapps, Ordinals etc.

We’re one of the only pure-play Bitcoin DeFi funds, have unparalleled access to the best startup founders, and understand the ecosystem intimately.

If you’re curious to hear more as a potential investor please reach out here, or if you are a startup, please shoot your deck my way!

Why Bitcoin DeFi?

I first wrote about Bitcoin DeFi nearly three years ago. Readers might remember these posts (here, here, and here) in The Held Report.

When I left Kraken in the middle of 2022, I knew that DeFi on Bitcoin was the future. This was even before Ordinals had become thing.

Link

Bitcoin is larger than all the other chains combined, with $1T in value waiting to be unlocked with DeFi. This is the biggest opportunity that will ever exist in crypto.

Unlocking DeFi in Bitcoin brings about more adoption from both newcoiners and existing crypto folks from other blockchains.

Bitcoin DeFi is the future, and I’m excited to push the space forward!

Cheers,
Dan