{"id":3057,"date":"2022-06-15T05:22:36","date_gmt":"2022-06-15T05:22:36","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2022\/06\/15\/bitcoins-lightning-network-is-the-answer-to-defis-fragile-market-says-michael-saylor\/"},"modified":"2022-06-15T05:22:36","modified_gmt":"2022-06-15T05:22:36","slug":"bitcoins-lightning-network-is-the-answer-to-defis-fragile-market-says-michael-saylor","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2022\/06\/15\/bitcoins-lightning-network-is-the-answer-to-defis-fragile-market-says-michael-saylor\/","title":{"rendered":"Bitcoin&#8217;s Lightning Network Is the Answer to DeFi&#8217;s Fragile Market Says Michael Saylor"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"m-on mb-3 text-center\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=320x100;setID=508113\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"320\" height=\"100\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\"\/><\/noscript><\/a>\n<\/div>\n<p>The decentralized finance (DeFi) market has by no means been in a nasty state than now with two massive protocols \u2013 Terra and Celcius \u2013 dealing with main crises inside a month\u2019s time. Some analysts advised Bloomberg that there are some main existential points inside the DeFi area.<\/p>\n<p>Mahin Gupta, founding father of Liminal, a digital-asset custody platform <a rel=\"nofollow noopener\" href=\"https:\/\/www.bnnbloomberg.ca\/defi-in-turmoil-as-eye-popping-yields-prove-too-good-to-be-true-1.1778443\" target=\"_blank\">said<\/a>: \u201cWhat is happening with Celsius will have serious repercussions for the industry. It\u2019s a not-insignificant player, and its apparent failure will have ripple effects.\u201d<\/p>\n<p>The latest fragility in the DeFi area is a reminder outsized yields may very well be someday too good to be true. However, Bitcoin maximalist Michael Saylor believes that Bitcoin can come to the rescue of the DeFi market. Responding to the Bloomberg article on Tuesday, Saylor <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/saylor\/status\/1536746316868595715\" target=\"_blank\">wrote<\/a>:<\/p>\n<blockquote>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u201cThe sound ethical, economic &amp; technical foundation for DeFi is Bitcoin<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">. The next generation of DeFi will be built using the <\/span><span class=\"r-18u37iz\">#Lightning<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> protocol and the BTC <\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">token\u201d.<\/span><\/p>\n<\/blockquote>\n<p>As such, the MicroStrategy CEO has been fairly bullish about Lightning Network, Bitcoin\u2019s Layer 2 scalability answer. Saylor believes that Bitcoin is the future of cash and the Lightning protocol will assist to scale transactions extra effectively. He <a rel=\"nofollow noopener\" href=\"https:\/\/finance.yahoo.com\/news\/microstrategy-bitcoin-millions-142143795.html\" target=\"_blank\">said<\/a>:<\/p>\n<blockquote>\n<p>\u201cIf you\u2019re going to do payments and transactions high speed, you\u2019re going to need a base layer that\u2019s ethically sound, economically sound, and technically sound. That\u2019s what Bitcoin is. But then billions and billions of transactions are going to go on a layer 2 like Lightning.\u201d<\/p>\n<\/blockquote>\n<h3>Bitcoin Could Be Cheaper Than It Looks<\/h3>\n<p>Jurrien Timmer, head of Global Macro at Fidelity wrote that Bitcoin may very well be cheaper than it appears to be like. He provides:<\/p>\n<blockquote>\n<p>If we think about a easy \u201cP\/E\u201d metric for BTC to be the value\/community ratio, then that ratio is again to 2017 and 2013 ranges, although BTC itself is just again to late 2020 ranges. Valuation typically is extra necessary than value.<\/p>\n<\/blockquote>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-114954\" alt=\"\" width=\"1100\" height=\"694\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/15103149\/Bitcoin-BTC-Price-and-Value.jpeg\"\/><\/p>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-114954\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/15103149\/Bitcoin-BTC-Price-and-Value.jpeg\" alt=\"\" width=\"1100\" height=\"694\"\/><\/noscript><\/p>\n<p>Just as CoinGape <a href=\"https:\/\/coingape.com\/bitcoin-retail-accumulation-continues-why-its-the-right-time-to-add-btc\/\" target=\"_blank\" rel=\"noopener\">reported<\/a>, Bitcoin\u2019s retail accumulation has continued regardless of this value correction.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA114953\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech fanatic and holds  aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the new rising Blockchain Technology and Cryptocurrency markets. He is constantly in a studying course of and retains himself motivated by sharing his acquired data. In free time he reads thriller fictions novels and typically discover his culinary expertise.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD114953\">\n<p> The introduced content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any accountability in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/coingape.com\/bitcoins-lightning-network-is-the-answer-to-defi-fragile-market-says-michael-saylor\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized finance (DeFi) market has by no means been in a nasty state than now with two massive protocols \u2013 Terra and Celcius \u2013 dealing with main crises inside a month\u2019s time. Some analysts advised Bloomberg that there are some main existential points inside the DeFi area. Mahin Gupta, founding father of Liminal, a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1870,1102,2220,2221,1233,41,2222,160,1256],"class_list":{"0":"post-3057","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-answer","9":"tag-bitcoins","10":"tag-defis","11":"tag-fragile","12":"tag-lightning","13":"tag-market","14":"tag-michael","15":"tag-network","16":"tag-saylor"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/3057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=3057"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/3057\/revisions"}],"predecessor-version":[{"id":3058,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/3057\/revisions\/3058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/1591"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=3057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=3057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=3057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}