Why Hardnosed Bitcoiners Can Learn to Love DeFi

It's a simple idea: accumulate wealth over time by growing your stack of bitcoin and HODLing.

People can stack by purchasing bitcoin regularly or earning it through work or rewards.

If the vision of a decentralized economy is going to win out, it's essential that bitcoin continues to be established as a primary means of saving and building wealth.

Establishing more avenues for people to get predictable but decent returns on their bitcoin is how we truly start to shift the way the world deals with money.

That's why bitcoiners who stack sats should take a hard look at the decentralized finance platforms seeing explosive growth on Ethereum.

While the optics may call to mind the wild speculation of 2017, the truth is that much of the growth in DeFi is driven by the same sound money principles as stacking.

Regardless of Bitcoin's advantages, I am on record saying that I am a monetary maximalist, not a Bitcoin maximalist.

Ethereum's top DeFi platforms are doing some truly exciting and innovative work, and they have the promise to further the cause of a decentralized future of money.

So it's not an exaggeration to say that DeFi is an ally in achieving a vision it shares with bitcoin: a trustless world of democratized, self-sovereign finance.

It would be even more self-defeating to ignore real opportunities to put money to work, like when there's a way for BTC holders to earn through cross-chain bridges like tBTC.As Bitcoiners, we will always believe in the importance of sound money and in the Bitcoin blockchain as the best technology to facilitate it.