The Power of Bitcoin and DeFi.

avatar
(Edited)

IMG_20200905_115639_925.jpg
Sky is the limit?

Bitcoin has a limited supply of 21 mio. This supply is hard capped and can't be changed. That makes it scarcer than gold or many other assets you can invest in.

Buffets Argument

But then there is Buffet's critique: "It is a non-productive asset". That's also his reason why he claims not to invest in BTC.

This could be a strategic statement , nobody really knows who is invested in what.

But technology keeps evolving and this is where it gets interesting.

DeFi

DeFi is where the power comes in. Now you can lend your Bitcoin and get interests on it.
Et voilá, you are invested in a super scarce asset wich is productive and keeps evolving.
Why is it productive now? Because the DeFi service (not decentralized and that can be a risk) is using your Bitcoin to give loans and generate cashflow.

This is where i lend my Bitcoins. decide for yourself if you trust them! (aff link)

Risks

Of course there are risks. The service is a third party and you have to trust them. If they don't insure your assets the debtor might go bankrupt. Bitcoin price can crash any time because its still a speculative asset.

Nevertheless

Nevertheless i believe this kind of asset as the future of money and economy.

What do you believe?

This is no financial advice. You should do your own research.

Posted Using LeoFinance



0
0
0.000
5 comments
avatar

Happy to see you in LEO

Posted Using LeoFinance

0
0
0.000
avatar

I post about investing from time to time! i think its a hive ace project!
glad you're supporting it too man. lets goo!!!

0
0
0.000
avatar

Yeah I think the non-productive asset is a fallacy, BTC is actually the anchor and gateway to all crypto, it enables all those altcoins doing other things and you can see most if not all alts are tied to its movements. Additionally, with DE-FI and CE-FI you can use it to earn a yield.

BTC is such a versatile asset it has properties of various types of money from gold, stocks to cash and we're still figuring it out, exciting time as ever to get in and start messing around

Posted Using LeoFinance Beta

0
0
0.000
avatar

absolutely! It is just the beginning. In the future it might be used as a base layer for economies and many use cases.

Posted Using LeoFinance

0
0
0.000