DeFi Dad, a popular figure in the decentralized finance (DeFi) space, recently made a bold prediction about the future of Bitcoin and Ethereum. Here are the most important points from his statement:
1. DeFi Dad believes that Bitcoin has the potential to reach $500,000 within the next 10 years. This is a significant increase from its current price of around $35,000.
2. However, DeFi Dad also thinks that Ethereum is becoming more powerful all the time. He believes that the Ethereum network has the potential to become the backbone of the decentralized internet.
3. DeFi Dad’s prediction is based on his belief that decentralized finance will continue to grow in popularity and adoption. As more people use DeFi protocols, the demand for cryptocurrencies like Bitcoin and Ethereum will increase.
In summary, DeFi Dad is bullish on both Bitcoin and Ethereum, but he sees more potential for growth in Ethereum due to its versatility and potential use cases beyond just being a store of value. However, only time will tell if his predictions come true.