Dan Held discusses the potential transformation of Bitcoin beyond its perception as 'digital gold' in light of growing institutional interest and geopolitical changes. In a podcast, he argues that Bitcoin may evolve to embrace more complex use cases and broader messaging aimed at diverse audiences. Held notes that with the current U.S. administration's supportive stance on Bitcoin, regulatory perceptions are shifting positively. He highlights that approximately 25% of Americans own Bitcoin despite its tumultuous history. Additionally, Held and hosts Nathan Jeffay and Gareth Jenkinson explore the feasibility of implementing decentralized finance (DeFi) solutions on the Bitcoin network, typically associated with other blockchains like Ethereum. This pivot towards DeFi on Bitcoin could represent a significant leap in its utility and acceptance beyond core crypto enthusiasts, potentially broadening its appeal and functionality.

Source 🔗