Amid the recent market turmoil, the future of crypto lending seems uncertain.
Some suggest we are now in a transitional time. Eylon Aviv, a principal at venture capital firm Collider Ventures, views cryptocurrency lending as an “essential primitive for the growth of the crypto ecosystem,” but as he further explained to Cointelegraph:
Barry Silbert at a hearing before the New York State Department of Financial Services in 2014. Source: Reuters/Lucas Jackson/File Photo “Much of the bad news for the space has been priced and a DCG bankruptcy would be painful for many crypto companies, but not game over for holders of Bitcoin and Ethereum.”
Kline thinks DCG may have sufficient resources to weather the storm. It depends “on how well DCG can ring-fence itself from Genesis,” Kline added. “DCG has a valuable venture portfolio. On that basis alone, my bet is that it is likely to survive either by raising external capital or giving some equity over to creditors.”DCG aside, the crypto lending sector can probably expect some changes before the end of 2023.
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