{"id":453204,"date":"2020-12-28T20:00:36","date_gmt":"2020-12-28T20:00:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=453204"},"modified":"2024-06-11T12:46:34","modified_gmt":"2024-06-11T12:46:34","slug":"analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/defi\/analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum\/","title":{"rendered":"Analyst: Post Bitcoin, Traditional Finance Will Flock To DeFi, Not Ethereum"},"content":{"rendered":"<p class=\"p1\"><a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-is-poised-to-continue-surging-as-recent-altcoin-rally-pauses\/\">Bitcoin is in price discovery<\/a> and each day sets a new all-time high. But despite the soaring prices well above the previous record, altcoins have barely moved in comparison.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">However, traditional finance will soon move profits and diversify, and when they do, one chartered financial analyst claims it\u2019ll be into DeFi tokens, and not Ethereum or other altcoins.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<h2 class=\"p1\">Analyst: Traditional Bitcoin Investors To Diversify Into DeFi<\/h2>\n<p class=\"p1\"><a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-regains-strength-btc-28k\/\">Bitcoin price tapped over $28,000<\/a> over the holiday weekend, and the crypto market is feverish with FOMO.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Most of the capital and interest has surrounded Bitcoin thus far, but <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/\">all eyes are on altcoins<\/a> for the eventual \u201calt season\u201d and the \u201clife-changing wealth\u201d they\u2019re said to bring.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\" style=\"text-align: center\"><em><strong>Related Reading |<span class=\"Apple-converted-space\"><a href=\"https:\/\/uniquehot.com\/analysis\/eth\/prelude-to-altcoin-season-ethereum-active-addresses-revisit-defi-summer-highs\/\"> Prelude To Altcoin Season: Ethereum Active Addresses Revisit \u2018DeFi Summer\u2019 Highs<\/a><br \/>\n<\/span><\/strong><\/em><\/p>\n<p class=\"p1\">And while Ethereum popped over the weekend as Bitcoin cooled off, chartered financial analyst and CIO at Arca Jeff Dorman <a href=\"https:\/\/twitter.com\/jdorman81\/status\/44399873?s=21\" target=\"_blank\" rel=\"noopener nofollow\">says it\u2019s going to be DeFi tokens<\/a> where traditional finance turns to next, and not the top-ranked altcoin.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">In fact, many altcoins might be left out of this bull run. Here\u2019s why.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" height=\"860\" width=\"860\" decoding=\"async\" class=\"alignnone size-large wp-image-453206 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/bitcoin-ethereum-defi.png?fit=860%2C860\" alt=\"bitcoin ethereum defi\" loading=\"lazy\"><\/p>\n<pre class=\"p1\" style=\"text-align: center\">Will Bitcoin profits flow into DeFi tokens? | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<h2 class=\"p1\">Why Altcoin Season Could Be Very Different This Market Cycle<\/h2>\n<p class=\"p1\"><a href=\"https:\/\/twitter.com\/jdorman81\/status\/44399873?s=21\" target=\"_blank\" rel=\"noopener nofollow\">Dorman says<\/a> that traditional finance investors got over the \u201cimpossible to value hump\u201d with Bitcoin but will ultimately \u201cgravitate toward cash flow valuation when given the choice.\u201d<\/p>\n<p class=\"p1\">Essentially, because these assets also come with added yields similar to stock dividends that traditional finance investors will prefer the untraditional new form of <a href=\"\/tag\/defi\" rel=\"nofollow\">decentralized finance<\/a>.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Beyond this, several altcoins \u2014 even those in the \u201cnonsense\u201d top 25 crypto assets by market cap, have had three years to build a project into a product and give investors a reason to come back.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\" style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-transaction-fees-rising-hints-at-defi-season-round-two\/\">Ethereum Transaction Fees Rising Hints At DeFi Season Round Two<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">Ethereum might be the foundation of DeFi dapps, but <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-transaction-fees-rising-hints-at-defi-season-round-two\/\">rising network fees<\/a> each time the technology is put to use highlights its failure to scale. This is less important for Bitcoin, but because Ethereum is about utility, fees matter.<\/p>\n<p class=\"p1\">Other altcoins are still buried in negative sentiment, have an army of sellers waiting to dump once they\u2019re in profit again, and even major assets like XRP <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/\">are now out of the way<\/a>. Bitcoin forks have also proven to be useless compared to the real deal by a vote of investor capital.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">For all these reasons and plenty more, DeFi will shine during the coming bull market, and will be especially attractive for traditional finance.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<pre class=\"p1\">Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is in price discovery and each day sets a new all-time high. But despite the soaring prices well above the previous record, altcoins have barely moved in comparison.\u00a0 However, traditional finance will soon move profits and diversify, and when they do, one chartered financial analyst claims it\u2019ll be into DeFi tokens, and not Ethereum or other altcoins.\u00a0 Analyst: Traditional Bitcoin Investors To Diversify Into DeFi Bitcoin price tapped over $28,000 over the holiday weekend, and the crypto market is feverish with FOMO.\u00a0 Most of the capital and interest has surrounded Bitcoin thus far, but all eyes are on altcoins for the eventual \u201calt season\u201d and the \u201clife-changing wealth\u201d they\u2019re said to bring.\u00a0 Related Reading | Prelude To Altcoin Season: Ethereum Active Addresses Revisit \u2018DeFi Summer\u2019 Highs And while Ethereum popped over the weekend as Bitcoin cooled off, chartered financial analyst and CIO at Arca Jeff Dorman says it\u2019s going to be DeFi tokens where traditional finance turns to next, and not the top-ranked altcoin.\u00a0 In fact, many altcoins might be left out of this bull run. Here\u2019s why.\u00a0 Will Bitcoin profits flow into DeFi tokens? | Source: BTCUSD on TradingView.com Why Altcoin Season Could Be Very Different This Market Cycle Dorman says that traditional finance investors got over the \u201cimpossible to value hump\u201d with Bitcoin but will ultimately \u201cgravitate toward cash flow valuation when given the choice.\u201d Essentially, because these assets also come with added yields similar to stock dividends that traditional finance investors will prefer the untraditional new form of decentralized finance.\u00a0 Beyond this, several altcoins \u2014 even those in the \u201cnonsense\u201d top 25 crypto assets by market cap, have had three years to build a project into a product and give investors a reason to come back.\u00a0 Related Reading | Ethereum Transaction Fees Rising Hints At DeFi Season Round Two Ethereum might be the foundation of DeFi dapps, but rising network fees each time the technology is put to use highlights its failure to scale. This is less important for Bitcoin, but because Ethereum is about utility, fees matter. Other altcoins are still buried in negative sentiment, have an army of sellers waiting to dump once they\u2019re in profit again, and even major assets like XRP are now out of the way. Bitcoin forks have also proven to be useless compared to the real deal by a vote of investor capital.\u00a0 For all these reasons and plenty more, DeFi will shine during the coming bull market, and will be especially attractive for traditional finance.\u00a0 Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":453205,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83405],"tags":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-453204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Analyst: Post Bitcoin, Traditional Finance Will Flock To DeFi, Not Ethereum<\/title>\n<meta name=\"description\" content=\"Bitcoin is in price discovery and each day sets a new all-time high. 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But despite the soaring prices well above the previous record, altcoins have barely\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/defi\/analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-28T20:00:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:46:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/bitcoin-defi-ethereum-Depositphotos_147846321_xl-2015-scaled.jpg?fit=2560%2C1709\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1709\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;The Bull&quot; Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony &quot;The Bull&quot; Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum\/\"},\"author\":{\"name\":\"Tony \\\"The Bull\\\" Severino\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Analyst: Post Bitcoin, Traditional Finance Will Flock To DeFi, Not Ethereum\",\"datePublished\":\"2020-12-28T20:00:36+00:00\",\"dateModified\":\"2024-06-11T12:46:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum\/\"},\"wordCount\":416,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/bitcoin-defi-ethereum-Depositphotos_147846321_xl-2015-scaled.jpg?fit=2560%2C1709\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"BTCUSDT\",\"crypto\",\"xbt\",\"xbtusd\"],\"articleSection\":[\"DeFi\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum\/\",\"url\":\"https:\/\/uniquehot.com\/news\/defi\/analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum\/\",\"name\":\"Analyst: Post Bitcoin, Traditional Finance Will Flock To DeFi, Not Ethereum\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/analyst-post-bitcoin-traditional-finance-will-flock-to-defi-not-ethereum\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/bitcoin-defi-ethereum-Depositphotos_147846321_xl-2015-scaled.jpg?fit=2560%2C1709\",\"datePublished\":\"2020-12-28T20:00:36+00:00\",\"dateModified\":\"2024-06-11T12:46:34+00:00\",\"description\":\"Bitcoin is in price discovery and each day sets a new all-time high. 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/uniquehot.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Analyst: Post Bitcoin, Traditional Finance Will Flock To DeFi, Not Ethereum","description":"Bitcoin is in price discovery and each day sets a new all-time high. 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