Former Goldman Sachs Trader Says ‘You Are Going to Hear Less About Bitcoin in the Coming Years’
The ongoing decentralized finance (DeFi) boom has impressed a lot of traders and institutional investors who have shown a great deal of interest in this industry. The DeFi industry seems to have witnessed more interest than the world’s largest digital currency by market cap Bitcoin (BTC) throughout this year. A former Goldman Sachs trader says that you are going to hear everything about DeFi in the coming years and very less about Bitcoin.
Bitcoin (BTC) or Decentralized Finance (DeFi)?
The ex-trader as well as the former global head of crude oil and derivatives trading at Goldman Sachs Richard Rosenblum has appeared in an interview with TD Ameritrade Network on September 18 where he has talked about the top-ranked digital currency Bitcoin (BTC) and the decentralized finance industry.
Rosenblum is of the view that with the current ongoing growth speed, the decentralized finance industry is going to overshadow the king cryptocurrency in the coming years. He claimed that in the coming years, you are going to hear more about decentralized finance as compared to Bitcoin. Rosenblum said:
“We’ve had a major change in the paradigm of the market, and I think that you are going to increasingly hear about decentralized finance and hear less talk about Bitcoin in the coming years”
The decentralized finance industry continues to grow more and more with the passage of time. The year 2020 has been the year of DeFi. While on the other hand, it has not been a bright year for Bitcoin as compared to DeFi despite the fact that the coin made some bullish moves. The coin is still trapped in the $10k-$11k zone.
Cryptocurrency is going to have a greater impact on the rest of the world
However, Rosenblum also said that in the next years, cryptocurrency is going to impact all of the other industries and businesses in the world.
He said, “we are absolutely gonna see the next stages in the coming years of everything that struck parallel ecosystems that is crypto is gonna impact the rest of the world.”
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