Crypto Investor Arthur Cheong Says Stage Set for New DeFi Bull Market – Here’s Why
The venture capitalist Arthur Cheong thinks the decentralized finance (DeFi) sector is in the midst of a “renaissance.”
The DeFiance Capital CEO tells his 177,800 followers on the social media platform X that both internal infrastructure improvements and external macroeconomic developments are driving DeFi’s resurgence.
“As global interest rates shift, risk assets like crypto, including DeFi, become more attractive to investors seeking higher returns.
With the Federal Reserve implementing a 50 basis points rate cut in September, the stage is set for what may be a period of lower interest rates, similar to the environment that fueled the crypto bull markets of 2017 and 2020, as shown in the chart below. Bitcoin (and…
