MakerDAO founder: Ethereum is a vacuum that will suck in almost “all value” in cryptoBTC $9205 (+1.4%) • ETH $208 (+4.3%) • XRP $0.20 (+3.4%)
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This week, millions of dollars worth of Wrapped Bitcoin — the leading representation of BTC on the Ethereum blockchain — were deposited into decentralized stablecoin protocol MakerDAO to generate $4 million worth of the DAI stablecoin. According to MakerDAO founder Rune Christensen, this sole transaction is extremely bullish for Ethereum’s long-term value proposition, not just the protocol he helped to create.
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MakerDAO founder: Ethereum is a vacuum that will suck in almost “all value” in crypto