Cryptocurrency market news November 2020

BITCOIN STILL DEMONSTRATES GROWTH

Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange Binance, said decentralized finance is not going anywhere, despite many DeFi projects showing signs that they are in a bubble.

cryptocurrencyIn a November 17 interview with Russian news agency RBK, Zhao stated that “many DeFi projects are already in a bubble, and I also believe there are some signs of a bubble in the DeFi industry, but that does not mean DeFi will eventually disappear completely.”

Zhao went on to say the DeFi industry has a lot of potential for growth, noting that DeFi continues to be popular amid the ongoing Bitcoin (BTC) rally. The CEO also highlighted that initial coin offerings, or ICOs, were called a bubble back in 2017, but a number of ICO-based projects, including Binance, are still doing well:

#Bitcoin #Cryptocurrencies #Business #Adoption #Fiat Money #Changpeng Zhao #Predictions

#Future of Money #Binance #DeFi #Decentralized Finance

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