Prominent figures in the Bitcoin space believe decentralized finance (DeFi) can transform Bitcoin from a passive store of value into a competitive financial asset. At a recent conference, there was a consensus that Bitcoin's foundational infrastructure will support the next generation of DeFi applications, with projects like the Liquid Network helping to expand Bitcoin's utility. Developers are emphasizing the importance of Bitcoin as a proactive financial instrument rather than just a vault. Jacob Phillips of Lombard Finance highlighted the need for a trustless financial system around Bitcoin, enabling users to stake their assets in DeFi applications. Adrián Eidelman from RootstockLabs pointed out that Bitcoin's Layer 2 technology would support smart contracts for financial inclusivity. Executives from various Bitcoin-native companies underscored the benefits of DeFi, including superior borrowing rates and self-custody. The overall sentiment suggests that Bitcoin's DeFi movement could empower economically challenged regions while reinforcing the cryptocurrency's role beyond just being a digital gold.

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