close
News

Dare to DeFi – Is it Too Late for Bitcoin and Ethereum Holders?

All the content, images, articles, posts, pages written and published by https://simplebitcoinnews.com are not financial advice but opinions of the crypto community and are only for educational or entertainment purposes.

Dare to DeFi – Is it Too Late for Bitcoin and Ethereum Holders?

Twitter: https://twitter.com/Crypto_Daily
Instagram: http://instagram.com/crypto_daily

Are you too late? Have you seen some gains for Ethereum, ChainLink, YFI, Aave, and more, and it’s getting annoying?
According to data from Dune Analytics, DeFi protocols have been used by 400,000 users.
Robinhood has approximately 14 million users.
There are around 20 to 50 million people estimated to have owned Bitcoin or currently own BTC.
An estimated 33 percent of American adults have non-retirement investments, implying around 80 million individuals with brokerage accounts.
So that’s cool and all, but what is going to drive the price appreciation for Bitcoin Eth and a few others?

A foremost growth catalyst seems to be capital migrating from defunct cryptocurrencies to DeFi. Eric Conner, a podcaster in the space, wrote earlier this year that the “ghost chains” represent a $50 billion growth opportunity for Ethereum and DeFi:
So that’s a lot of potential people still yet to try and get in.

The ghost chain reckoning is coming. There is well over $50bn in market cap value for chains no one uses. They will all be usurped by DeFi apps with actual use by the end of this market cycle.

Disclaimer: I am not a financial adviser and this is not financial advice.

#crypto #cryptocurrency #bitcoin

Cryptocurrency trading/investing involves substantial risk of loss and clients may or may not lose more than their original investment. Any content on https://simplebitcoinnews.com should not be relied upon as advice or construed as providing recommendations of any kind.

Are you are interested in trading bitcoin?

Keep Your Crypto Safe! ?

6 Comments

  1. Whether it is the patient who needs funds for a medical surgery, or it is the doctor who needs financing for their business expansion, MedFin Veda Defi is there to provide them with immediate and effective access to funding, while still keeping into account the financial obligations pertinent to medicine practice

  2. Crypto currency is one of the most profitable investment presently in the world many invest in this and now there life change. But one thing you should understand is investment bit coins is very good and profitable investment but price of btc do change anything but mostly increase that is why investing in btc is good and only when you invest in the right place. Many people invest with the company. This company has being in since 2010 and now we give chance to people who are interested in btc to invest under our company. And now many who invest with us are living fine. You can contact our company account on Instagram @BitGo111 or +1 (626) 608-4081 …..

Leave a Response