Is Defi bigger than bitcoin? Tim Draper keeps his $250,000 BTC prediction

We ask legendary tech investor Tim Draper about the opportunities that have been created for decentralised and blockchain technologies amongst the market chaos of 2020. He explains why he thinks DeFi and retail (ReFi) is the next big step for Bitcoin, and why DeFi will ultimately become bigger than its predecessor.

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For those who are catching up, decentralised finance (DeFi) is essentially an entire financial system for cryptocurrencies.

While Bitcoin was the first to successfully put money onto the Internet, DeFi aims to create the system for that money to keep moving, working and finding meaningful value. ust like any currency benefits from being part of a healthy financial system, cryptocurrencies benefit from being part of a DeFi ecosystem.

In coming years, central bank digital currencies, other tokenised assets such as digital gold, real estate or energy and cryptocurrencies like Bitcoin will all become digital assets in the DeFi ecosystem.

We sit down with Tim Draper to discuss where he thinks it's all headed, why retail might be the killer application, and why governments will all be using blockchains eventually.

We ask legendary tech investor Tim Draper about the opportunities that have been created for decentralised and blockchain technologies amongst the market chaos of 2020. He explains why he thinks DeFi and retail (ReFi) is the next big step for Bitcoin, and why DeFi will ultimately become bigger than its predecessor.

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Skip ahead
➤ 0:00 – 3:20 Introduction
➤ 3:20 – 5:35 ReFi (Retail Finance and Bitcoin)
➤ 5:35 – 9:47 Is DeFi bigger than Bitcoin?
➤ 9:47 – 13:21 Bitcoin enabled Venture Capital & Investing
➤ 13:21 –19:40 Investing in DeFi and alternative investments as a VC
➤ 19:40 – 21:19 Decentralized technologies taking society on an "anthropological leap" from "tribal to global"
➤ 21:19 – 25:15 US COVID-19 policy discussion (NOTE: Claims not fact-checked)
➤ 25:15 – 31:05 Reasoning for $250,000 Bitcoin price prediction
➤ 31:05 – 32:40 US Debate #1 & Brock Pierce presidential bid
➤ 32:40 – 37:27 The discrepancy between all-time-high stock markets and poor underlying economics
➤ 37:27 – 46:67 How has COVID changed Venture Capital?
➤ 46:67 – 50:00 NYE Bitcoin price prediction

Source for 135 million facing food insecurity claim https://news.un.org/en/story/2020/04/1062272

#timdraper #bitcoin #defi

Host: Fred Schebesta ➤ LinkedIn https://www.linkedin.com/in/fredscheb... | Twitter https://twitter.com/Schebesta
Producer & Writer: James Edwards ➤ LinkedIn https://www.linkedin.com/in/james-f-e... | Twitter https://twitter.com/js_halicon
Live Stream Director: Tobias Venus

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