Crypto doesn't get enough credit for the financial access it's already unlocked for the world.
- Stablecoins brought the dollar onchain. Anyone, anywhere can own a low inflation currency, and send it 24/7 for a fraction of a cent.
- DeFi gives anyone access to credit.
- Tokenized stocks let 4B unbrokered people get exposure to the US stock market.
- Bitcoin gives a store of wealth that can't be inflated away.
There’s more to do of course, but don’t forget about how far we’ve come
BREAKING: Visa has become the first major payment network to incorporate a digital dollar (USDC) into their network and settle transactions in the new system, rather than the old banking system.
Eventually every payment network will do this.
1/6 Major USDC news today - @Visa has become the first major payments network to support USDC as a native currency and settlement system on its network. This is massive news, and marks a major turning point in mainstream adoption of crypto. https://t.co/APZJpeJIJU
Uniswap
* no KYC
* no verification delays
* no funding caps
* no trading limits
* no API throttling
* no circuit breakers
* no asset censorship
* no frozen funds
* no outages
* no planned maintenance
* no password leaks
* no preferred partners
* no backroom deals
* no geofencing
OPINION: "DeFi and BTC can evolve together in a manner that allows BTC to effectively be a bank account without the bank. That creates utility for BTC," says @mcuban.
#BTC
https://t.co/hzZlAA2LbB
It's going to be dangerous to ignore #DeFi
Nowadays, every successful business is associated with the Internet. DeFi right now is where the Internet was in 1980s
While the vast majority of institutional capital is flowing into Bitcoin, every single standout candidate we have interviewed recently was drawn into DeFi. Not a single one that was focused only on Bitcoin
Millions of Americans just learned about DeFi on Wheel of Fortune. Jeremy's not the hero we deserve, but he's the hero we need.
I'll say it again - we're just getting started friends.
Hard to believe...
US govt beginning to see #bitcoin/#crypto/#blockchain "industry" as a growth and innovation driver?
Barr, Gensler, Brummer at OCC, SEC, CFTC all crypto friendly guys.
Launch of digital Yuan created Sputnik moment.
Bullish for digital asset ecosystem (DAE)
"Once you have $100 million of bitcoin, you might start to think how I could get yield on this bitcoin for example. A lot of the time the answer there is through on-chain financial contracts."
Polychain CEO explains how big investors will end up in DeFi
https://t.co/jht7virbHG
Bitcoin can be the foundational layer of the next internet, like TCP/IP.
A settlement layer not just for money, but for apps & smart contracts as well.
4/ In DeFi (https://t.co/kVOs4isTTI), we DeFi-nitely saw it soared! 🚀
In summer of 2020, DeFi dominance went from 0.9% to 4.6%, while the market cap 12x to $19.6B.
By the EOY, DeFi market cap registered a new ATH at $20.4B!
1990s Thesis: Invest in internet companies
2010s Thesis: Invest in mobile companies
2020s Thesis: Invest in decentralized products
You don't have to be a genius, you just have to be in the right market.
The reason I have so much passion for #Bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity. This is what the internet wants to be, and over time, more of it will be.
The first generation of the Internet was partially decentralized and built upon stateless open web protocols (HTTP, SMTP...)
The second generation of the Internet will be fully decentralized and built upon stateful open web protocols, aka public blockchains.