When the book is written on bitcoin, blockchain and the world of decentralized finance or ‘DeFi’, two events will matter above most others.
The first took place in October 2020, when American hedge fund billionaire Paul Tudor Jones described bitcoin as “the best inflation trade” around, just as a fear of rising prices began to bite. The day before he said it the token was trading at $11,936. A month later it was at $18,591. Within six months it topped $60,000.
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The second involves Jamie Dimon.
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