First Mover Asia: Bitcoin Hovers Around $28,000

Rust expects the recent unsettled relationship between DeFi and TradFi to steady. “Over the long term, there will be a whole new on and offramp system between DeFi, crypto and the Fiat world, as trust in centralized, regulated institutions has definitely had its back broken,” he wrote. “There is no longer a need to keep all your funds in one bank, one central entity that holds all of your assets in custody, as who knows what will happen with that entity and ultimately your savings.”