DeFi revolutionises finance, shifting power from banks to individuals with higher returns and decentralised transactions
The shift from traditional banking to decentralised finance (DeFi) is transforming perceptions of money. Expert trader Ben Killen discusses why people are losing faith in banks. Current bank yields are low, contrasted with DeFi opportunities offering significantly higher returns. The global M2 supply and its debasement underscore the limited value of traditional savings accounts. As inflation rises, many seek alternatives in cryptocurrency.
DeFi operates on blockchain technology, removing the need for central intermediaries and enabling users to earn potentially higher yields of five to fifty percent. Adoption is still early, with around a billion active wallets projected soon.
