The Babylon Korean community emphasized the importance of Bitcoin's on-chain implementation and shared that this is possible on Babylon.👀 Bitcoin is everywhere, except on-chain. Bitcoin is now ubiquitous, but on-chain is an exception. Institutions are increasing their Bitcoin holdings, ETFs are becoming more popular with the public, and companies are beginning to treat Bitcoin as a real asset. However, less than 1% of Bitcoin is being used in DeFi. Babylon CMO Tristan's latest article explains this phenomenon not as a lack of demand, but as a lack of infrastructure—a system that allows Bitcoin to function as collateral on-chain. And what needs to change. For Bitcoin to become the capital that powers modern finance, rails (infrastructure) are crucial. View Korean article
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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