In a conversation with Diego Mazo, co-founder of TRU Web3 & Tropykus, we have been able to obtain his perception on the current market price and he pointed out that, for those dedicated to developing products for mass use, price really takes a backseat.
2022 was a lousy year for Bitcoin performance, and while it cannot be ruled out that there is a host of factors such as FTX, Celsius, interest rates, war between Russia and Ukraine to name a few, it is also true that this month of January that has just ended has shown signs of recovery Price.
But this does not prevent us from continuing to search and investigate, what other events can affect the market in the same way as in 2022, and in that sense. be prudent and be prepared for market signals, either for a bullish streak, or for a possible crash.
However, for specialists like Diego this is not a problem. They clearly have a different objective that is not associated with the market as a whole, apparently, the construction of options that the user can have in the palm of his hand to freely dispose and invest his money, is something that occupies him beyond the price of Bitcoin, which although it has shown recovery rates at the same time as Ethereum, does not have certain data on whether this trend will continue over time.
In this regard, he has stated that 2022 left an important lesson with the fall of FTX and Celsius, and this lies in the management of assets, and the supposed high annual return index, which, beyond being attractive, should precisely be investigated about the risks associated with a particular investment, and if one is really willing to assume the risks that entails He expressed that “the biggest learning was that it is essential to have full control of your assets”.
DeFi ecosystem
In relation to the DeFi ecosystem, he has expressed that, Despite having a presence in countries like Argentina, Colombia, El Salvador and Venezuela, it is not easy to reach people directly with DeFi, but that is precisely the challenge..
Changes like the ones that Ethereum had in 2022 are believed to be positive for the ecosystem in general, minimizing power consumption obviously and the implications associated with the carbon footprint that have been discussed so much.
As a Co-Founder of a DeFi platform, you acknowledge that financial inclusion is a real challengebut consider that thanks to solutions like Tropykus, it is already possible to have in at least these four countries, a way of “save in a strong currency, and at the same time access fairer loans”, knowing that there is still a long way to go and that it can continue to improve. In this sense, he expressed that he hopes “a 2023 with a DeFi more focused on solutions for users than on a Total Value Locked (Total Value Locked)”.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
It may interest you:
- Lemon Cash makes its way to DeFi thanks to the Aave protocol
- Finance Redefined: TradFi and DeFi meet at Davos 2023
- Aave Acquires 2.7M in CRV Tokens to Settle Bad Debt Following Failed Eisenberg Attack
- CEO of Pecunia256: “A positive environment permeated the month of January in the crypto ecosystem”
- Price analysis for February 3: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
- Find out about the news, plans and perspectives of Human Protocol for 2023
- The Central Bank of Indonesia plans to start proof of concept of Rupiah Digital in July 2023
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.
