Wall Street analysts: decentralized financial and guarantee services could drive BTC and crypto adoption

Max Keiser, a Wall Street financial analyst and bitcoin supporter, said bitcoin will be seen as a medium of transaction or unit of account. The development of guarantee services in the cryptocurrency space may increase the adoption of Bitcoin. According to DefiPulse data, the total value of the dollar locked by Decentralized Finance (DeFi) is hitting a new high. Currently, $ 680.1 million is locked in, of which MakerDAO is the largest DeFi solution. Other solutions on the market include Compound, syn, InstaDapp, and dYdX. If these DeFi solutions continue to grow and expand in the market, eventually demand for Bitcoin will also increase.