ETHEREUM Is Absorbing BITCOIN Quickly!! [Chainlink Involved]

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juan
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$1.3 billion worth of Bitcoin is now tokenized on Ethereum. $1 billion of BitGo's WBTC, $270 million of REN's renBTC and 5 other tokenized versions of Bitcoin are now on the Ethereum blockchain. This is around 120,000 BTC, while in May this was still only 3,000 BTC. The trend is clear: Ethereum is absorbing Bitcoin quickly. Why is this? What does this mean for Bitcoin and Ethereum?

DeFi Yield website: https://defiyield.info
Forbes article: shorturl.at/joxE2

0:00 Intro
1:07 Sponsored: DeFiYield.info
8:28 BTC on Ethereum
14:49 Chainlink's involvement

#Bitcoin #Ethereum #DeFi

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