The Future Is In Cryptos And Decentralized Finance (DeFi)

The bear market that started early last year, the implosion of the centralized exchange FTX, and the fact that the centralized platforms linked to FTX began to experience problems and even bankruptcy of some of them, deeply shook the trust in the centralized platforms. Investors' trust in centralized exchanges and platforms has decreased significantly. Frankly, the crypto market is strong enough to overcome these problems because the crypto market has overcome bigger problems like Mt. Gox, so it will overcome these problems as well.

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The purpose of cryptocurrencies is to make money universally and democratically accessible to everyone, wherever you are in the world. So I think cryptocurrencies will be the common currencies of the world in the future. Decentralized currencies (Cryptocurrencies) allow me to be more financially free to everyone. Wherever you are in the world, cryptos are under your control and you can access them. You can also make payments to platforms that accept cryptocurrencies as payment without the need for any intermediaries.

Especially banks and corporate firms know that cryptocurrencies will be the most used currencies of the future, although most of them do not want to accept this. One way or another, most of them are doing research and investigations about cryptos. The extreme volatility of cryptocurrencies scares them, but they know they have to start somewhere. That's why banks in particular think that stablecoins and CBDCs can play a more meaningful role in the payments space. Visa CEO Al Kelly also thinks that stablecoins and CBDCs can play a meaningful role in payments. Stablecoins and CBDCs are less risky assets. Frankly, I think it is important for them to accept even this, and I think they know that they will have to accept cryptocurrencies in the future.

The promise of cryptocurrencies is to make money and payments universally and democratically accessible to everyone, wherever you are in the world. Decentralized Finance (DeFi) aims to take this promise one step further. So to understand what DeFi is, imagine a global and open infrastructure where all the traditional financial services you use today (deposits, loans, trade, insurance and much more) are accessible to anyone with a worldwide internet connection.

Central finance or centralized exchanges hold my assets in their wallets and provide security and control of my assets. And if something happens to them, I risk losing my assets, frankly, I never liked that logic. Cryptos are monetary freedom for me, DeFi is personal and financial freedom for me.

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DeFi For Me?

I take care to be in control of my assets and avoid contact with any intermediary person/institution by only trading on smart contracts while connecting to the platform. In other words, it is important to me that my assets are in my wallet and under my control. And it shouldn't need KYC and also shouldn't be a regional limitation. And I check whether the services offered are beneficial and profitable for me. I would like to point out that I focus on long-term profits, not short-term profits. It is very important that the platform runs on a completely decentralized blockchain and my funds should always be under my control and ask my permission to invest in any project.

The most important reason I entered the crypto market was to stay away from centralized structures such as banks and countries financially. For me, centralized exchanges and financial institutions in the crypto market are not much different from them. In short, cryptos offer monetary freedom for everyone, while DeFi offers personal and financial freedom. So I think the future is in cryptos and Decentralized Finance (DeFi).

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