Bitcoin has gained a reputation as one of the most profitable investments in history, leading many investors to believe that its best days are still to come. If Bitcoin does indeed reach the price targets of $100,000 to $3 million, as predicted by various analysts, it would be a major success for those who hold the cryptocurrency. However, recent data shows that Bitcoin holders are hesitant to spend their BTC and often struggle with knowing when to buy and sell.
One of the reasons for this hesitation is the “stranded value” characteristic of the Bitcoin market. A significant number of investors are unable or unwilling to take advantage of the potential increase in BTC’s value. This is because the market lacks safe opportunities for holders to earn yield, use Bitcoin as collateral, and easily access the lucrative features of decentralized finance (DeFi).
To shed light on these developments, Ray Salmond and Jonathan DeYoung of The Agenda podcast interviewed Aki Balogh, the co-founder and CEO of DLC.Link. Balogh explained that while many people have profited from holding Bitcoin, they struggle to realize those gains or access the capital they have sidelined.
Balogh pointed out that despite Bitcoin’s market cap of $1.35 trillion, investors have limited options. They are mostly reliant on centralized platforms like BitGo, which issue Wrapped Bitcoin (WBTC) as an IOU for customers’ Bitcoin. Alternatively, they turn to experimental DeFi platforms that often pose a high risk of total loss for investors.
DLC.Link takes a different approach by allowing depositors to lock their Bitcoin with themselves. This eliminates the need for custodial risk and enhances security.
To learn more about DLC.Link’s innovative features and future plans, listen to the full episode of The Agenda with Aki Balogh on Cointelegraph’s Podcasts page, Apple Podcasts, or Spotify. Don’t forget to explore Cointelegraph’s lineup of other shows as well.
Disclaimer: This article is for general information purposes only and should not be considered legal or investment advice. The opinions expressed are solely those of the author and do not necessarily reflect the views of Cointelegraph.