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DeFi revolutionises finance as trust in banks declines
DeFi revolutionises finance, shifting power from banks to individuals with higher returns and decentralised transactions
DeFi revolutionises finance, shifting power from banks to individuals with higher returns and decentralised transactions
– The shift to DeFi is changing how people view money and decreasing trust in traditional banks.
– DeFi offers higher returns and operates without intermediaries, but misconceptions about risks still exist.
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.
