Is DeFi benefiting Bitcoin?

[Bitcasino.io 462]

 

Hi everybody,

 

Bitcoin’s price has been hovering around the range of US$8,500 to US$10,000+. DeFi tokens, on the other hand, have surpassed Bitcoin massively.
What’s interesting to note is that the more DeFi tokens gain upward momentum, the more Bitcoin could possibly be boosted when DeFi undergoes a correction.

 

With the rise of DeFi, this brings us to ask: can Bitcoin be boosted by DeFi?

 

Read on here: Is DeFi benefiting Bitcoin? and let us know your thoughts on this.

 

Thanks,
Karl
Bitcasino.io
 

[Whited35 15285]

Hi @Bitcasino.io AKA Karl, 

Simply , I am waiting for Ethereum 2.0 then how Etherem Dapp developers act with Ethereum 2.0. Future of DeFi might also determine by Ethereum 2.0. Currently, massive amounts of WBTCs are locked in the DeFi smart contracts and if you ask about boost of BTC, yes DeFi helped to cut the massive supply of BTC which could spread in the markets. 

And, I hope we will be able to get served from your great platform in the near future. 

[Bitcasino.io 462]

1 hour ago, Whited35 said:

Hi @Bitcasino.io AKA Karl, 

Simply , I am waiting for Ethereum 2.0 then how Etherem Dapp developers act with Ethereum 2.0. Future of DeFi might also determine by Ethereum 2.0. Currently, massive amounts of WBTCs are locked in the DeFi smart contracts and if you ask about boost of BTC, yes DeFi helped to cut the massive supply of BTC which could spread in the markets. 

And, I hope we will be able to get served from your great platform in the near future. 

 

Hey @Whited35,

 

Thanks for your comment. Could you let me know which country are you based in?

 

Cheers,

Karl

Bitcasino.io

[Whited35 15285]

23 minutes ago, Bitcasino.io said:

Thanks for your comment. Could you let me know which country are you based in?

@Bitcasino.io I might better contact you in PM to prevent this discussion  to go off topic.Fortunately, despite the restriction imposed to our country, I am able to read your beautiful blog post. Simply, I liked the analysis made by you there. 

[ShiNorton 906]

I think yes DeFi platform can boost the Bitcoin price up but it will be just temporary. No matter if the entire DeFi industry gets collapsed but Bitcoin will be Bitcoin. It can not degrade the height of Bitcoin. 

[Afran_025 26]

I dont know whether defi has provided benefits to bitcoin,but the increase in bitcoin occurred at the same time as the hype defi ,there is no coincidence but  everyone has a principle to judge it with their own eyes,at least the current hype defi is not bad for bitcoin.