In a recent interview with DrWealth, I highlighted an issue I had with the term “cryptocurrencies”. I feel that by painting all crypto as currencies, there was no way for traditional investors to grasp the idea that crypto could be valued. It has become such a deep-seated idea in traditional investors’ minds that they dismiss crypto out of hand without doing more research.
I hope to slowly chip away at this bias by talking about crypto assets that are beyond simple currencies / store of value. This means not talking much about Bitcoin at all and focusing on programmable blockchains, namely Ethereum. Programmable blockchains like Ethereum form the basic underlying infrastructure that enables decentralised applications (DApps). The most successful DApp to date is decentralised finance (DeFi).
Before we can talk about DApps like DeFi, investors first need to understand, at least on a conceptual level, what Ethereum truly is....