Asymmetric Financial is creating its Bitcoin DeFi Venture Fund I to focus on investing in the blockchain's nascent DeFi space. The fund aims to raise $21 million and will be spearheaded by general partner Dan Held. While most crypto VCs ignore Bitcoin for DeFi investments, Held believes there is untapped potential in the Bitcoin ecosystem for decentralized finance. He sees opportunities in layer-2 blockchains (L2s) and meta-protocols, and predicts that the next 'DeFi summer' will happen on Bitcoin in 2025.
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