Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs YFI
by
mnporter2001
on 07/12/2020, 12:56:04 UTC
Yes, as you analyze Bitcoin is absolutely better and less risky than YFI.
As far as I know, YFI was one of the first Defi tokens in the Crypto market but it only hype in a short period of time and now its price has dropped quite sharply compared to ATH. And I can be sure that YFI will never be able to compete with Bitcoin because it has the team to manage the token. Therefore, it is not considered a special asset class like Bitcoin and its prestige will certainly not be compared to Bitcoin.
In the future, Bitcoin is still the king of coin, and it still enjoys huge support from major US financial investment institutions like MicroStrategy or Grayscale.