Equating the early days of the internet with the crypto boom is now just a hackneyed adoption analogy. However, now that it is understood, investors can use it to diversify their portfolios.
Crypto evangelist Chamath Palihapitiya recently called “Bitcoin the most profound iteration of the internet that we’ve seen.” However, this time around it is “headless”.
Palihapitiya explained that Google ruled the roost at the beginning of the internet boom. And, Facebook has dominated the industry for the last 15 years, he added. Therefore, current crypto and DeFi opportunities are a result of problems the sector had with ‘just two companies’ marking their territory.
While several analysts remain bullish for Bitcoin and DeFi, let’s understand how
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