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Cornell Professor of Economics: Defi Promise Is Real but Bitcoin May Not Last Much Longer

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either directly or indirectly.” Economics Professor Doubts Future of Bitcoin, Praises Defi Eswar Prasad, professor of economics at Cornell University, talked about bitcoin, cryptocurrencies, blockchain technology, decentralized finance (defi), and central bank digital currencies in a recent interview with CNBC, published Friday. Prasad, the author of “The…

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