I was listening to NPR the other day and heard a story claiming that a new billionaire is created every 26 hours.

After wondering for a split second what I was doing wrong, I tuned on a second salient fact, that the top 1% of people added immense amount of wealth to their portfolios.

Now this isn’t some type of screed against the richest people or some sort of hypocritical stance decrying wealth while benefiting from it.

It’s instead a recognition that the underlying system which created it, the central bank-led fiat money system which enables the Cantillon Effect and thus further wealth disparity is the root of the issue.

I am under no delusion that DeFi will solve ALL the problems that TradFi (CeFi) brings into the world, but I am of the firm conviction that it will ameliorate many of them.

That’s why it’s less important to focus on which crypto asset is moving up or down on a daily basis and, instead, to keep an eye on the long view, why this whole thing matters in the grand scheme of things.

Because, as Pantera Capital pointed out in their recent Blockchain Letter, the top coins move significantly over time.

Credit: Pantera Capital

and I expect they will continue to move and change over time as the technology matures and adoption continues.

What’s less important, in my mind, is which of the DeFi solutions ends up being the “winner” than the fact that a scalable, serviceable, safe, reliable DeFi solution emerges.