Core DAO contributor Brendan Sedo says it’s a “no-brainer” that most of the $1 trillion dollars of capital in the Bitcoin ecosystem will make its way into sidechains and DeFi.
The total amount of capital being put to use in Bitcoin-based decentralized finance (DeFi) protocols could eclipse that of the Ethereum network within the next two years, says a Bitcoin DeFi developer.
Branden Sedo, an initial contributor at Bitcoin sidechain Core DAO told Cointelegraph at Korea Blockchain Week that the trillion dollars in capital currently held in the Bitcoin ecosystem will gradually begin its way on-chain, eventually flipping that of the Ethereum network.
“If you look at Bitcoin, there's over a trillion dollars sitting there,” he said.
