/ TAG DeFi

Convert your fiat to cryptocurrency, and you suddenly emerge in a world where you can use your crypto to perform a large number of functions that are traditionally performed by the financial infrastructure but in a completely humanless way.

Carlos Betancourt, founding principal of BKCoin Capital—the digital assets hedge fund—on the implications of El Salvador adopting Bitcoin as legal tender.

If Bitcoin is a long-term hedge, then there should be more savings and pension-like programs for passive investing in it.

The rise of decentralized finance (DeFi) enables early investors and communities to help new ventures succeed, while giving them equity on the ground floor.

Even though DeFi will probably be a positive for us, this possibility doesn’t negate the imminent downfalls.

The world is changing so fast that it’s tough to understand where the crypto revolution is going, but Ethereum will be part of that story.