Crypto rails unlock business models that weren't possible before
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The new leader of Syria Ahmed al-Sharaa (formerly known by his nom de guerre Abu Mohammed al-Jolani) meeting with Turkey’s foreign minister. Sharaa has recently upped his clothing game and is not just wearing a suit but even a tie now. Sharaa also recently met with top U.S. State Department officials, after which he was removed from the terrorist wanted list where he had a $10M bounty on his head previously. He was formerly a senior member of a ruthless Al Qaeda branch in Iraq, but since he won the war in Syria he has been reaccepted even in Washington. Lesson: The only thing that matters is winning.
Governments will establish clearer frameworks for Web3, leading to increased institutional investment and innovation.
Permissionless blockchains, like Bitcoin, allow anyone to participate, while permissioned blockchains require authorization.
DeFi on Bitcoin will expand, leveraging wrapped BTC and native Bitcoin-based DeFi protocols.