Why DeFi Will Overtake TradFi | Jim Bianco
Empire
00:00
Are We Going to See a Decentralized, Stable Coin in Our Lifetime?
The fed is not giving the banking licenses to avante and some of the other wyoming base banks that want to engage in crypto transactions. Their number one concerned was it would disrupt the banking system. They are afraid of disrupting the current financial system. Is it crazy to think that next five to ten years, we will settle whatever will price oil? Weill price other commodities. What's goingto be the next reserve currency? It isn't gon tobe another fiat,. You know, the the uro and the yen, or the an or the um b, or whatever we're calling it this week. The most important thing that space can do is de centralize.
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