- “Shark Tank” star Kevin O’Leary has said DeFi will force financial middlemen to find new jobs – maybe shining shoes.
- The celebrity investor is backing decentralized finance and says it can change trading within three to four years.
- However, regulators are wary of DeFi, particularly after recent high-profile hacks and scams.
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“Shark Tank” star and crypto investor Kevin O’Leary has said financial middlemen should find jobs shining shoes, because decentralized finance technology will make their roles obsolete.
O’Leary has evolved into a crypto bull despite having criticized bitcoin in the past. He’s now increasingly keen on decentralized finance, or DeFi – the use of crypto technology to create financial products that do not need centralized authorities.
The entrepreneur told Insider last week that one reason he likes DeFi is because he’s tired of being…