The next big wave in DeFi starts when Wall Street figures out that crypto has built a better casino.
— Naval (@naval) September 13, 2020
In a recent tweet, Ravikant gave a backhanded compliment by saying institutional money will fuel the next big wave. In the same tweet, he also likened the space to a casino.
However, so far, Wall Street has held off from jumping into DeFi in any sort of meaningful way. For one, there are regulatory barriers that make Wall Street execs nervous about the decentralized finance space.
As well as that, mindset differences concerning decentralization also add to the uncertainty.
But, given the stellar growth of DeFi this year, is that about to change?
Wall Street is Cautious