The current bull market in cryptocurrency is being fueled by Decentralized Finance (DeFi). With DeFi projects such as Uniswap and Compound, users are able to make money from their cryptocurrency holdings and benefit from high yields. This has led to an influx of new investors, further driving up the price of Bitcoin and other major cryptocurrencies.
At the same time, shorting Bitcoin could be a huge mistake. While it may seem like a good idea to bet against Bitcoin, the cryptocurrency is notoriously volatile and unpredictable, and any short position could easily backfire.
Finally, the recent news that Garmin paid a ransom to hackers in Bitcoin is a reminder of the power of cryptocurrency. This could be a sign of things to come, as more and more companies are turning to cryptocurrencies in order to protect their data and finances.