The post Bitcoin DeFi shouldn’t just be possible—it needs to be easy appeared on BitcoinEthereumNews.com.

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Bitcoin’s all-time high of $100,000 at the end of last year was a fever dream. It was the peak of an epic bull run that was long-awaited, and since then, the US has considered a Bitcoin (BTC) federal reserve, and even pension funds are dabbling in the crypto space. Whilst this is good for Bitcoin as an asset, it highlights an urgent need for Bitcoin to do and be more for the growing world of people turning their attention to the chain. Last year was a year of Bitcoin possibility—an exploration of the routes to achieving DeFi built on Bitcoin, and Trump’s choice to use WBTC for the reserve reaffirmed what we’re all thinking about Bitcoin. It’s a fantastic store of value, but when it comes to utility, Ethereum (ETH) still has the upper hand, and with more eyes on the chain than ever, Bitcoin has some catching up to do. The current space is not void of developers, 2024 saw positive progress in Bitcoin DeFi development, which has included major headway in native solutions that would give users the ability to lend, take part in yield farming, and other DeFi services that we are currently missing on Bitcoin. These ‘native’ solutions built directly on Bitcoin blockchain offer unique advantages in terms of security and decentralization. So there’s no doubt that DeFi on Bitcoin is not just a possibility—it’s a reality. But, for Bitcoin to truly evolve, the action must shift from theory to building accessible and easy-to-understand projects that offer tools and DeFi functionalities for a broader audience. The key is not about the possibility of Bitcoin DeFi, but the simplicity with which we can build…

---

Filed under: News - @ February 11, 2025 1:24 pm