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The serial entrepreneur Dan Hold, whose past outings include Zeroblock and Interchange, considers Bitcoin Defi as the greatest unexploited opportunity of his decade cryptographic career.
Speaking on Tuesday on the Podcast Shock Shock, Host Pete Rizzo said that he considered decentralized finance (DEFI) as the key to unlocking Bitcoin’s potential as a global ratio of $ 300 billions of dollars. He highlighted the ability to earn a return for Bitcoin’s loan – one of the many financial functions revoked without centralized intermediaries – as a major opportunity.
Hold’s journey to Bitcoin Defi began with its exploration of performance-generating opportunities, in particular by providing liquidity to lightning channels and co-joints. Initially skeptical on DEFI because of its association with scams, maintenance has become convinced of its potential after having witnessed new use cases on alternative cryptographic platforms like Ethereum and Solana.
He noted that DEFI could present new users in Bitcoin, as well as the first adopters were attracted to activities like Silk Road and speculation. “If Defi could be unlocked on Bitcoin, it would be by far the greatest opportunity to ever occur in crypto,” said Held.
Elsewhere, Holding told Rizzo that he did not consider Bitcoin Defi as a zero sum game where Bitcoin completely replaces other blockchains. “I think what will happen is that it considerably absorbs the market share of others, but not completely, and that it increases the domination of Bitcoin,” said Held.
https://www.youtube.com/watch?v=clbw2oziip8
“I think that the domination of bitcoin increases if Defi and Bitcoin unlock … because in doing so, he locks a lot of bitcoin. It also stimulates more requests to buy bitcoin. And so I think that all is good for Bitcoin, “he continued.
Recently kept asymmetrical with Joe McCann. The venture capital company portfolio includes Bitcoin DEFI startups such as Liquidium, Fractal and Bitlayer.
The addition of opportunities defined to Bitcoin is not without challenges. The noted Bitcoin user experience must compete with Solana, which offers low -cost transactions. However, HOLD believes that Bitcoin L2 solutions will play a crucial role in improving the user experience, offering similar performance in Ethereum and Solana.
“I think there will be this rebirth in the world of Bitcoin Defi (in 2025),” said Held.
Updated on March 11, 2025 at 1:59 p.m. HE: additional mention of the asymmetrical co-founder.
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