DeFi’s money markets are finally luring in institutional investors
Cointelegraph
Published Apr 08, 2021 02:44PM ET
Updated Apr 08, 2021 04:20PM ET
Bitcoin’s bull run from last year has caused even some of its biggest skeptics to soften their stance. From economists to hedge fund managers, the world is opening itself up to technology, and at the center of this movement is decentralized finance, or DeFi. While the market capitalization of all cryptocurrencies has hit $2 trillion, worth as much as Apple (NASDAQ:AAPL), it’s the promise of DeFi — a small corner of the blockchain industry today — that’s grabbing the attention of institutional investors.
As Bitcoin’s (BTC) bullish trend persists, interest-bearing crypto products have become all the rage. Some services offer up to 8% returns on Bitcoin holdings. For investors who are already expecting a rise in value, this can be incredibly useful for maintaining cash flow without selling any assets.
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Written By: Cointelegraph
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