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Serial entrepreneur then, whose ends from the past include Zeroblock and Interchange, sees Bitcoin Defi as the greatest unused chance of his decade long crypto career.
Speaking at the supply shock -podcast Tuesday, Held Pete Rizzo told him that he sees decentralized finance (Defi) as the key to unlocking Bitcoin’s potential as a worldwide active of $ 300 trillion. He pointed out the opportunity to earn yield to borrow Bitcoin – one of the many financial functions Defi replicates without centralized intermediaries – as an important chance.
Held’s trip to Bitcoin Defi started his exploration of revenue generating opportunities, including offering liquidity for lightning channels and coinsjoins. Initially skeptical about Defi because of the association with scams, it was kept convinced of his potential after witnessing new users on alternative crypto platforms such as Ethereum and Solana.
He noted that Defi could introduce new users to Bitcoin, just like early adopters were attracted by activities such as Silk Road and Speculation. “If Defi could be unlocked on Bitcoin, this would be by far the greatest chance that ever would happen in Crypto,” Held said.
Elsewhere, Held told Rizzo that he does not see Bitcoin Defi as a zero-sum game in which Bitcoin completely replaces other block chains. “I think what will happen is that this simply absorbs the market share considerably from the other, but not entirely, and that this increases the dominance of Bitcoin,” explained.
https://www.youtube.com/watch?v=CLBW2OZIIP8
