Mike Novogratz Says DeFi Is Likely To Win In The Long Term

The post Mike Novogratz Says DeFi Is Likely To Win In The Long Term appeared first on Coinpedia Fintech News

Mike Novogratz, CEO of Galaxy Digital is speculating that the decentralized finance (DeFi) sector of the crypto space will eventually shine out of all. At his discussion at the SALT forum in New York, the billionaire explained that DeFi is setting its pace to win in the long term, given its robust fundamental features.

Novogratz explained that DeFi is going to win because it’s better and is composable, transparent, and settles automatically. He also mentioned that the sector still has the challenge of establishing proper regulatory standards that could prevent the type of sharp market downturn that happened this year.