Home Markets Traditional Finance 1 – Decentralized Finance 0

Traditional Finance 1 – Decentralized Finance 0

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When Cryptocurrencies are in bullish territory, the agenda for ‘what the best form of finance is’ rolls out. Like clockwork, the narratives churn out. “Crypto is the future, Fiat money is dead.” Conversations like this pit the old money against the new money, the long-term wealthy versus the nouveau riche, the Warren Buffets versus the Micheal Saylors.

When Traditional Markets analysts raise questions about the intrinsic value of cryptocurrencies and the volatility of these assets, Decentralized Finance investors respond with “Do you want to be right, or do you want to be rich?”

As condescending as it sounds, it’s a valid question asked.

A $1,000 investment in Tesla, the best performing stock in the last ten years from November 2011 would be worth just over $200,000 now. A $1,000 investment in Bitcoin, the best performing cryptocurrency with no “intrinsic value” in the last ten years would be worth just over $18 million…

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