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CZ heeds warning on the future of DeFi, comparing it to a ‘bubble’

CZ heeds warning on the future of DeFi, comparing it to a ‘bubble’
  • The chief executive officer of one of the biggest platforms in the industry Binance, CZ recently took to Twitter to give his opinions on the industry of DeFi. 
  • In his eyes, this industry is brewing a storm which he has compared to a bubble.

The chief executive officer of one of the biggest platforms in the industry Binance, CZ recently took to Twitter to give his opinions on the industry of DeFi. In his eyes, this industry is brewing a storm which he has compared to a bubble.

Over the course of 2020 alone, these kinds of tokens have outperformed and are the unlikely success heroes in the crypto industry as they have spiked to significant highs. As the value goes up, understandably so does the investment into interest. Many applications within this industry are currently all the rage but the CEO of the platform believes that people should be wary about the future of these tokens and asset classes. he believes that these kinds of tokens that have no inherent value could have a big impact on the value of the market for many participants in the near future.

There are many people all over the industry who are excited about the future of this asset class and its impact on the blockchain/crypto space. Giving his unpopular opinion, CZ said the following on Twitter:

All of this is quite interesting when you consider that Binance itself has actually embraced these kinds of tokens regardless of its CEOs opinions. With a significant increase in demand over 2020, the exchange has teamed up with many industry players to launch this kind of staking on its platform.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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