Prominent figures in the Bitcoin space predict that decentralized finance (DeFi) will transform Bitcoin from a passive asset into an active challenger to traditional finance. At a recent conference, discussions highlighted Bitcoin's infrastructure as the foundation for the next wave of DeFi applications, aiming to create a parallel financial system to fiat currencies. Key projects such as the Liquid Network and insights from leaders like Jacob Phillips of Lombard Finance emphasized the move toward a trustless and permissionless financial ecosystem. Developers are working on leveraging Bitcoin's capabilities to enable user-controlled staking and DeFi applications, seeking better borrowing rates compared to traditional finance. Advocates like Adam Back of Blockstream believe that Bitcoin-native applications will outperform traditional options, aligning with the ethos of self-sovereignty and privacy central to Bitcoin's design. The ongoing DeFi movement centered around Bitcoin is recognized for its potential to provide tools for economic empowerment, especially in regions affected by inflation. Overall, the sentiment is clear: Bitcoin is poised for a significant role in a new, utility-driven financial landscape.

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