Binance CEO Changpeng ‘CZ’ Zhao made a confident assertion last July that decentralized finance, commonly referred to as DeFi, is poised to rise above centralized finance, or CeFi, in terms of prominence and significance within the financial landscape. According to his forward-looking perspective, this transformative shift is expected to materialize over the course of the next six years.
Zhao pointed out a recent rise in institutional interest in cryptocurrencies, seeing it as a validation of the industry and its technology. He believes that if even a small portion of the trillions of dollars controlled by institutional investors in the equity market were invested in crypto assets, it would significantly boost the cryptocurrency market’s growth.
Binance Boss Upbeat About DeFi Domination
Even after two months have passed since his initial assessment, his conviction remains unwavering: he firmly believes that the realm of DeFi…
