Bitcoiners to Learn about DeFi on Bitcoin in 2024

By Thorchain
Jan 18, 2024, 6:22 PM
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In 2024, Bitcoiners will have the opportunity to learn about DeFi on Bitcoin, which currently occupies approximately 1% of the daily global BTC spot market.​ This development allows users to swap, earn, and borrow against native L1 BTC, as using wrapped BTC is no longer sufficient.​ This is being considered as one of the largest opportunities ever seen in the crypto industry, potentially leading to a decline in centralized exchanges (CEXs).​

Sources

2024 will be the year Bitcoiners finally learn about DeFi on Bitcoin (now ~1% of the daily global BTC spot market) Swap, Earn, Borrow against native L1 BTC. Wrapped does not suffice Is this the largest opportunity ever seen in crypto? Time to kill the CEXs

Dan Held
Dan Held
@danheld

2024 will be the year of DeFi on Bitcoin. This is the largest opportunity I鈥檝e ever seen in crypto. Hated by the Bitcoin maxis and the ETH maxis. Everyone is sleeping on it.

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