Bitcoin finds ‘another’ use case via BTCfi — DLC.Link co-founder

DLC.Link CEO Aki Balogh tells The Agenda how DeFi on Bitcoin will unlock BTC’s potential for collateral, yield farming and more.

Bitcoin might be one of the best investments of all time, and many investors believe its best days are still ahead. If Bitcoin does reach the $100,000 to $3 million price target that various analysts have predicted, that’s a win for holders. Still, data also shows that they are reluctant to spend their BTC, and generally, they are terrible with timing when to sell and when to buy.

“If you have all this capital, why just let it sit on the sidelines? Why not use it? For example, you could invest it and earn more, you know, more yield, earn more currency with it, more tokens.” Balogh said that Bitcoin has a $1.35 trillion market cap. Yet, investors’ options over the years have been centralized options like BitGo, which issued WBTC as an IOU for customers’ provided BTC and experimental DeFi platforms, often putting investors’ funds at risk of a total loss.“We call it self-wrapping. And then that means DLC BTC on Ethereum.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Source: Digital Coin News (digitalcoinnews.net)

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