The greater fool comes forth.
I do not have a crystal ball. (Two balls, but neither is crystal...)
So that may prove true or not.
I can tell you that DeFi is real and happening.
And I would add that in the run up to the market peak in 2000, it was common to describe internet companies the same way.
I was a mutual fund manager, hedge fund manager, RIA. We couldn't wrap our heads around what was happening.
Amazon later dropped something like 90% at one time.
Amazon went on to dominate.
New companies were born.
And frankly some were trash ideas and died. <
Out of the ashes, a transformation of business occurred that continues today.
I can't predict what bitcoin will end up as, but DeFi is on the move and I believe will be as consequential for business as the WWW
Of course, this is my non-crystal view and I could be wrong.
I don’t understand it still after following the articles. What I do notice are the precious metals dealers who now accept Bitcoin.
Hmmmm....
Something about this story is sketchy....