What’s The Big Deal About DeFi And How Do You Invest In It?

What’s The Big Deal About DeFi And How Do You Invest In It?

Share to Linkedin Ethereum development offices in Berlin, Germany. Ethereum is an open source blockchain that has ... [+] helped launch decentralized finance companies. (Photo by Jens Kalaene/picture alliance via Getty Images) Every day I get Telegrams and emails about DeFi, which a year ago I kept equating with Senator Diane Feinstein. Then this year I bought the Stellar Lumens token after reading day after day about decentralized finance being the one real thing you can do with cryptocurrencies. Only to find out that it's not really a decentralized finance company, because the coins are supposedly managed by one group. Here I was thinking I hopped on the DeFi bandwagon on the cheap, and come to find out I am not. If you're hearing about DeFi on YouTube ads by old school investors talking about disruption, and hot shot retail traders talking about their 3, 000% baggers, the basic fact is that if you want DeFi, and believe in DeFi, then you need a cryptocurrency account. Until four weeks ago, anyway. The other option for those who want in on the DeFi theme is the new Bitwise Asset Management DeFi Crypto Index fund (BITW) I had never heard of this