DeFi Revolution Is Bullish For Both Bitcoin And Ethereum, Analyst Says
It’s been just reported that the DeFi analyst David Hoffman thinks the rise of Bitcoin-pegged assets on Ethereum is a bullish development for both Ethereum and BTC. Hoffman, the chief of operations at RealT – a tokenized real estate platform, told Martin that Wrapped Bitcoin will provide risk-averse Bitcoiners an opportunity to profit off their holdings.
DeFi and Ethereum are all about experimentation and pushing the boundaries, seeing what we can really do, and Bitcoiners are really scared to risk their Bitcoin, because one of the value propositions of Bitcoin, built into the hard cap of Bitcoin, is ‘don’t lose it. ’” On the other hand, it’s important to note the fact that Hoffman said that Bitcoin can become finacialized on Ethereum and integrated with DeFi protocols, providing profit opportunities.
