Billionaire investor Chamath Palihapitiya believes that decentralized finance (DeFi) will eventually allow people across the world to monetize and financialize all of their assets, allowing to place them on the blockchain.
Palihapitiya, who is a former vice president at Facebook, is currently best known for running his California-based venture capital firm Social Capital.
“All the leakage you have today goes away in a world of DeFi because you will financialize every single asset possible. You know, you’ll financialize your homes. You’ll financialize your cars. You’ll financialize your watches, your jewelry, your art. You’ll financialize every random thing,” he told the Savvy Finance podcast.
“By monetizing it and financializing it, you can borrow against it, you can trade it, you can pull forward value into the future against it. But it will all be tracked,” according to Social Capital’s CEO.
Palihapitiya agreed with the host that people would even be enabled to monetize and...
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