Source: pixabay
Bloomberg predicts that if Biden is elected in the US presidential election next month, it will be a good thing for Bitcoin, but bad for Defi.
Bloomberg said that if Biden is elected, the scope of BTC mainstreaming, including the potential allowance of Bitcoin ETFs, will expand, but it is expected to have a negative impact on the development of DeFi.
Cointelegraph said, “This is the result of the assumption that the Democratic sweep will strengthen the regulatory clarity of the cryptocurrency industry. DeFi has exploded this year under a completely unregulated environment. It is no coincidence that hackers who recently attacked KuCoin laundered money through the decentralized (DEX) exchange Uniswap.”
Reference
Cointelegraph, Bloomberg: Biden election would be good for Bitcoin, bad for DeFi
Have a nice weekend ^^