{"id":28721,"date":"2020-09-16T10:43:59","date_gmt":"2020-09-16T07:43:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28721"},"modified":"2025-08-27T13:03:56","modified_gmt":"2025-08-27T10:03:56","slug":"tone-vays-defi-is-even-greater-folly-than-icos","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tone-vays-defi-is-even-greater-folly-than-icos\/","title":{"rendered":"Tone Vays: DeFi Is Even Greater Folly Than ICOs"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">All DeFi projects are nothing more than Ponzi schemes, says the famous trader Tone Vays. He said this in a live broadcast on ForkLog&#8217;s channel.\u00a0<\/span><!--more--><\/p>\n<p><iframe loading=\\\"lazy\\\" title=\\\"\u041f\u0443\u0437\u044b\u0440\u044c DeFi, \u0434\u0435\u043b\u043e Bitfinex \u0438 Tether, \u043f\u0440\u043e\u0433\u043d\u043e\u0437 \u043a\u0443\u0440\u0441\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u2014 \u0422\u043e\u043d \u0412\u0435\u0439\u0441\\\" width=\\\"500\\\" height=\\\"281\\\" src=\\\"https:\/\/www.youtube.com\/embed\/C3TcXfKjXSU?feature=oembed\\\" frameborder=\\\"0\\\" allow=\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\\\" referrerpolicy=\\\"strict-origin-when-cross-origin\\\" allowfullscreen><\/iframe><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In his view, regulators have not yet paid close attention to DeFi projects, as the sector has only begun to gain popularity with a broad audience.<\/span><\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">&#8220;The entire DeFi hype started only this year. In a year&#8217;s time, people will realise that DeFi is even greater folly than the ICOs we had in 2017,&#8221; said Tone Vays.<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">The analyst also commented on the possible creation of digital wallets serviced by the Federal Reserve banks by January 1, 2021:<\/span><\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">&#8220;That&#8217;s completely unrealistic. By January 1, 2021 no one will be ready for this, and I don&#8217;t think this bill will pass.&#8221;<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">For further growth, the price of Bitcoin would have to rise to $11,500, Vays believes.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In his view, in the longer term the price of the leading cryptocurrency could also be significantly affected by potential problems with Tether in relation to <a href=\"https:\/\/forklog.com\/en\/news\/new-york-prosecutors-again-seek-documents-on-bitfinex-and-tether-operations\"><span style=\\\"font-weight: 400;\\\">investigation<\/span><\/a><span style=\\\"font-weight: 400;\\\"> by the New York State Attorney General&#8217;s office.<\/span><\/span><\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">&#8220;It seems Bitfinex is losing its grip in this fight. People may quickly want to exit Tether. Probably many will rush to buy Bitcoin. If Tether &#8216;goes under&#8217;, the price of Bitcoin could rise significantly,&#8221; the trader noted.<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">Earlier, Tone Vays said that the absence of tuzemun should anger people enough to start selling Bitcoin. In his view, this will be the catalyst for a rise in the price of the leading cryptocurrency in the future.<\/span><\/p>\n<p>Subscribe to Forklog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All DeFi projects are nothing more than Ponzi schemes, says the famous trader Tone Vays. He said this in a live broadcast on ForkLog&#8217;s channel.<\/p>\n","protected":false},"author":1,"featured_media":28722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1093,1138,1843],"class_list":["post-28721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-defi","tag-opinions","tag-ton-veys"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=28721"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28721\/revisions"}],"predecessor-version":[{"id":28723,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28721\/revisions\/28723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/28722"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=28721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=28721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=28721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}