Ethereum and the New Decentralized Financial World
Since the start of the year, bitcoin is up almost 150%. But Ethereum, the second-largest cryptocurrency, has nearly tripled.
Ethereum has outperformed bitcoin largely due to its role in the decentralized finance (DeFi) market.
In just the last six months, the total value locked in the DeFi space has gone from $1 billion to $14 billion. And I don’t think it’s going to stop there.
In today’s Market Insights video, I explain what to expect next year as DeFi continues to grow, and what it means for the future of Ethereum:
Editor, Automatic Fortunes
My career on Wall Street started while I was in college. I spent a summer interning for Merrill Lynch in the middle of the ‘90s bull market. I was fascinated with trading, and as a result, after college, I joined Salomon Brothers in the famed mortgage bond trading department. Later, I spent time at Citigroup working with credit derivatives. Eventually, I needed to walk away from the excess of Wall Street. That’s when I joined Banyan Hill in 2017. Now I help readers get ahead of the market and build their retirements.