The decentralized finance market is shaping a fundamentally new economy, said Bianco Research President Jim Bianco.
In his opinion, DeFi will deal a devastating blow to the traditional banking system, from which it will no longer be able to recover. Bianco likened this ecosystem to the internet replacing newspapers and e-commerce gradually replacing traditional commerce.
The main advantage of the DeFi market is the absence of intermediaries.
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Participants do not need to resort to the help of insurance companies and other companies offering their services. You can access funding directly.
DeFi is an ecosystem that is still in its infancy. She has many problems, but ultimately they will be solved, stressed the president of Bianco Research.
According to him, the legalization of the DeFi market will be the most important event in the history of this segment of the economy. After the introduction of the rules of the game, large investors interested in a stable ecosystem will begin to enter decentralized financing projects.