Bitcoin and DeFi Gears To Have Great Future Ahead, Analyst Says

Bitcoin and DeFi Gears To Have Great Future Ahead, Analyst Says
  • Dan Held, a former ‘Bitcoin maximalist,’ sees a place for DeFi in the future of cryptocurrencies.
  • Dan Held will be the brand ambassador in a part-time role where he can elevate both Kraken and Bitcoin.
  • Bitcoin maximalist believes that bitcoin is the only decentralized digital currency in the crypto market.

According to recent reports, Dan Held, the long-time Bitcoin(BTC) backer, has stepped down from the role of the director of growth at crypto exchange Kraken to join the DeFi space.

Dan Held will be taking part in the DeFi space as the brand ambassador in a part-time role. Held will also be taking the marketing role in the Bitcoin platform.

Furthermore, Held has been with Kraken for over two years and was a big proponent of the company’s acquisition of Crypto Facilities.

Kraken platform on Wednesday posted on its website that it does not intend to do any layoffs and is going ahead with its original hiring plan. The platform earlier said that it had more than 500 roles this year. According to Coinmarketcap, the Kraken is the fourth-largest crypto exchange by trading volume.

According to Dan held, Bitcoin is the only digital token that will be available in the future, this is because BTC has been the most successful thus far. Bitcoin maximalists hold the belief that the Bitcoin network will provide everything that investors want in a digital currency in the future.

In other related news, the first UFC will be paid in Bitcoin(BTC) for an upcoming event. The deal was announced by Bitcoin.com, a crypto news website, and the world’s largest mixed martial arts promotion company.

This is a big step for Bitcoin and cryptocurrency, as it has been trying to enter the mainstream for years now. The fact that a large company like UFC is willing to be paid in Bitcoin shows that the cryptocurrency is slowly but surely gaining mainstream adoption.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer