🎉 Registration for the $5 Million WCTC S7 Trading Competition is Live!
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🔔 Red Packet Times:
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— April 18, 09:00 AM (UTC)
— April 19, 09:00 AM (UTC)
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'Never Sell Your Bitcoin?' CEO of Bitlayer Says Now You Can Lend It
In February 2025, Michael Saylor uploaded a short post on X saying "never sell your Bitcoin." This viewpoint has been supported by many and agreed upon by other Bitcoin investors for years, who encourage their audience to have "diamond hands" and "hodl." Bitcoin is considered by most of its buyers as a long-term game and although it has generated significant profits for those people, there are not many ways to use that liquidity other than staking. The founder and CEO Bitlayer, Charlie Hu, sat down for an interview with TheStreet Roundtable to discuss the growing demand for Bitcoin-backed lending activities. Centralized Lending vs. Decentralized Lending As Hu pointed out, centralized Bitcoin lending has been around for a long time, but it has addressed the issues of trust and bankruptcy that scare investors.
"Centralized Bitcoin lending is not a new thing — we had it two or three years ago. Unfortunately, some poorly managed funds went bankrupt and filed for bankruptcy — BlockFi, Celsius, etc.," he said.
With the reputation of centralized platforms in a bad state, decentralized protocols are starting to emerge, "the world is becoming more hybrid—not only centralized lending but also decentralized lending. That is the product we are developing in our ecosystem," Hu explained. Decentralized finance (DeFi) has witnessed tremendous trading growth over the past year, Hu said, "more transactions are entering the DeFi space—on-chain payments, trading, lending, derivatives. We are seeing more adoption in terms of volume and number of transactions." The Dominance of Bitcoin Worldwide I believe that Bitcoin is a unique cryptocurrency, "I see Bitcoin having a very large potential—unlike altcoins like Solana or Aptos, which may be Ethereum—but Bitcoin will be regarded as a high-value asset in the asset management and trading space."
He also believes that while owning Bitcoin is still largely considered a novelty and a high-risk investment, "in five years, it will become very normal," including for public companies and nations.