BKC affiliate Patrick Murck writes about the “silent vampire attack” crypto is facing as interest rates rise.
“In a bull market, it was perhaps easy for crypto firms to overlook this silent vampire attack or to simply write it off as the cost of doing business. But in a bear market – and in the face of a potential recession – this is unlikely to remain tenable. Crypto firms can no longer afford to cede interest income to banks and stablecoin providers, nor should they when innovative alternatives are available to defend against this attack.”
Read more in CoinDesk.
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