Mike Novogratz: Buterin Is Playing The Long Game
The well-known Bitcoin evangelist, the head of the Galaxy Digital crypto bank, Mike Novogratz expressed respect to the founder of the Ethereum project, Vitalik Buterin.
The billionaire wrote on Twitter: “He is playing the long game. Trying to help build something that has the immense value”.
Reply to Buterin
This message was published by Novogratz in response to Buterin's tweet, in which the creator of Ethereum spoke out against high interest rates in decentralized finance (DeFi).
“Interest rates significantly higher than what you can get in traditional finance are inherently either temporary arbitrage opportunities or come with unstated risks attached” – the founder of Ethereum wrote.
Explosive DeFi Market Growth
The well-known blockchain developer Liam Horne also commented on Vitalik Buterin's tweet, where he reminded him that there is a direct correlation between the growth of DeFi's capitalization and the increase in the number of developers, tools, and ideas in the industry as a whole.
Recall, the Ethereum blockchain network is the basis for the creation of DeFi protocols. As of this writing, the amount of funds blocked in decentralized finance is 1.48 billion US dollars.