Bits + Bips: Where Is the Most Wealth to Be Made in Crypto: DeFi or CeFi? - Ep. 913

Bullish:

• $DEFI - DeFi protocols are expected to produce bigger winners than current CeFi giants, with the coming wave of DeFi applications making most centralized crypto services obsolete

  • “The DeFi billionaires haven't come yet, and I think they're gonna be bigger”

    Bill·47:49

  • “the coming onslaught of DeFi applications is gonna make most CeFi stuff in crypto look like Myspace”

    Bill·47:49
• $ETH - Ethereum is well positioned with specific tactical buy points around 107-112, validated by Swift building on the platform

  • “I still think like 107, 112 are tactical buy points overall. I think Ethereum is well positioned here”

    Ram·8:58

  • “It's building on Ethereum. The battle against CBDCs has been won and they're building on Ethereum. This is extraordinary stuff”

    Ram·8:58
• $BNB - Binance and CZ have proven business acumen, with the recommendation being to not bet against CZ's ventures

  • “Don't bet against CZ. I wanted to invest in Tether in their private round, but looking for access, obviously, they don't need capital... I think the move is, will CZ let you into Binance?”

    Ram·41:18
• $BTC - The crypto bull run has significant room to continue based on multiple macro factors

  • “The bull run is not even close to having played itself out as it relates certainly to crypto”

    Bill·4:12

Bearish:

• $LENDING - Lending protocols face structural challenges as perpetual futures offer fundamentally more efficient capital deployment than spot plus borrow/lend mechanisms

  • “I think this is actually bad for all borrow lend protocols long term”

    Robert·59:26
• $SPOT - Spot markets are expected to decline relative to perpetual futures, which offer superior efficiency for most users in a shift that has passed the point of no return

  • “I think we have now entered perpification. I think it's a superior form factor for most users, and I think that spot markets are going to slowly die out relative to perps”

    Robert·59:26
• $SWIFT - Swift faces long-term structural challenges as a mere message broker in an age of real-time crypto settlements, with banks likely to bypass them entirely

  • “I am not bullish on Swift's long term prospects. Let's put it that way”

    Bill·17:08
• $REGBANKS - Regional and community banks face existential threats from fintech and crypto as control of customer relationships and compliant money movement becomes paramount

  • “Most of these regional banks and community banks just aren't necessary in the future. It's whoever controls the customer relationship and can move the money compliantly”

    Ram·25:32